HR 3936
118th Congress
House
Taxation
Income tax deductions
Inflation and prices
Tax Cuts for Working Families Act
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 30, 2023
Placed on the Union Calendar, Calendar No. 101.
Jun 30, 2023
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-129.
Jun 13, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 24 - 16.
Jun 13, 2023
Committee Consideration and Mark-up Session Held
Jun 9, 2023
Referred to the House Committee on Ways and Means.
Jun 9, 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
Placed on the Union Calendar, Calendar No. 101.
Committees of jurisdiction
1