TCJA Permanency Act
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
TCJA Permanency Act
This bill makes permanent multiple federal tax provisions enacted in 2017 by the Tax Cuts and Jobs Act.
The bill makes permanent the
- individual tax rates of 10%, 12%, 22%, 24%, 32%, 35%, and 37%;
- increased standard deduction;
- personal exemption allowance repeal;
- exclusion from income of student loans discharged due to death or disability;
- qualified business income tax deduction (199A tax deduction);
- allowance of ABLE account contributions in excess of the annual gift tax exclusion amount;
- base estate and gift tax exclusion amount of $10 million (adjusted annually); and
- alternative minimum tax exemption and phaseout amounts for noncorporate taxpayers.
The bill makes permanent the child tax credit amounts of $2,000 per child and $500 for dependents, the $200,000 phaseout threshold ($400,000 for joint filers), and the refundable portion of the tax credit.
The bill expands the expenses eligible for tax-free withdrawals from qualified tuition plans (529 plans) to include additional expenses associated with homeschool and elementary and secondary schools (e.g., instructional materials, tutoring, test and enrollment fees, and educational therapies).
The bill permanently eliminates certain miscellaneous itemized deductions and makes permanent the
- state and local tax deduction limit of $10,000 ($5,000 for married individuals filing separately),
- mortgage interest tax deduction limit of $750,000 ($375,000 for married individuals filing separately),
- limit on the deduction of cash charitable contributions to 60% of a taxpayer’s adjusted gross income, and
- certain limits on casualty loss tax deductions.
The bill also permanently eliminates the exclusion from income for employer-reimbursed bicycle commuting expenses.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 137: TCJA Permanency Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-137/
"H.R. 137: TCJA Permanency Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-137/.
H.R. 137, 119th Cong. (2026), https://openamerica.io/bill/119-HR-137/.
[H.R. 137: TCJA Permanency Act](https://openamerica.io/bill/119-HR-137/)