HR 3864
118th Congress
House
Taxation
Income tax deductions
Inflation and prices
Working Families Tax Cut Act
Introduced: June 6, 2023
Introduced by:
Malliotakis, Nicole
Republican
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2023
Referred to the House Committee on Ways and Means.
Jun 6, 2023
Introduced in House
Plain-English summary
Tax Cuts for Working Families Act
This bill renames the standard tax deduction as the guaranteed deduction. It allows an additional bonus amount of $2,000 ($4,000 for married couples filing jointly) in taxable years beginning in 2024 and 2025 but reduces the bonus amount for taxpayers whose modified adjusted gross income exceeds $200,000 ($400,000 for joint filers).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1