HR 523 · 119th CongressIn Committeecongress.gov ↗

Permanent Tax Cuts for American Families Act of 2025

What this bill does

AI plain-language summary

This bill makes permanent the higher standard tax deduction amounts that were put in place in 2017. Currently, these higher amounts are set to expire after 2025, but this bill would keep them forever. The standard deduction amounts would stay at $24,000 for married couples filing together, $18,000 for head-of-household filers, and $12,000 for single filers, with yearly adjustments for inflation.

Introduced

January 16, 2025

Policy Area

Taxation

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