S 2286
100th Congress
Senate
Taxation
Children and youth
Earnings
Families
Income
Income tax
Tax deductions
Youth
Youth employment
A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction for child dependents.
Introduced: April 14, 1988
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 1988
Read twice and referred to the Committee on Finance.
Apr 14, 1988
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to revise the permitted amount of the standard deduction for a taxpayer's dependent who: (1) is either under age 19 or a student; and (2) has income and files a separate return. Makes the standard deduction equal to as much as $4,000 of earned income plus a maximum of $1,000 of unearned income. (Under current law, the permitted deduction is the greater of $500 or the dependent's actual earned income up to the regular standard deduction amount for individuals.)
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1