CONGRESS FOR VOTERS

RepublicanBill · H.R. 1130· House(119-HR-1130)

Bonus Tax Relief for America’s Seniors Act

Rep. Malliotakis
Age: 46 years
New York
Introduced
2/7/2025
Last activity
2/7/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Nicole Malliotakis
Cosponsors
Republican - 6Democrat - 1
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Bonus Tax Relief for America's Seniors Act," aims to amend the Internal Revenue Code of 1986. The primary goal is to increase the additional standard deduction specifically for seniors. It proposes changing the current $600 amount to $5,000. The bill also establishes an inflation adjustment process for this amount starting after December 31, 2026. These changes are intended to take effect for taxable years beginning after December 31, 2025.

Yes· 3 of 6

  • Would people over 65 be better off under this?+8

    The bill significantly increases the additional standard deduction for seniors from $600 to $5,000 and includes an inflation adjustment.

  • Would retired people be better off under this?+8

    The bill increases the tax deduction specifically targeted at the senior population.

  • Would middle-income households be better off under this?+5

    The bill provides tax relief for middle-income seniors through a higher standard deduction.

The opposite

  • Does this reduce what the federal government spends?-2

    Increasing the standard deduction reduces federal tax revenue.