CONGRESS FOR VOTERS

DemocratBill · H.R. 4826· House(119-HR-4826)

Cutting Paperwork for Taxpayers Act

Rep. Vindman
Age: 51 years
Virginia
Introduced
7/29/2025
Last activity
7/29/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Eugene Vindman
Cosponsors
Democrat - 0Republican - 1
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Cutting Paperwork for Taxpayers Act," aims to amend the Internal Revenue Code of 1986. It specifically proposes to exclude interest received from being counted as gross income. This exclusion would apply to interest paid on an overpayment of tax. The relief is intended for individuals and eligible small businesses. These changes would take effect for taxable years beginning after the bill is enacted.

Yes· 3 of 7

  • Would people over 65 be better off under this?+2

    Individuals receiving interest on tax overpayments will see a reduction in their taxable gross income.

  • Would households on low incomes be better off under this?+2

    The exclusion of interest on overpayments from gross income provides a small benefit to individuals.

  • Would middle-income households be better off under this?+2

    The bill reduces the tax burden on interest earned from tax overpayments for individuals.

The opposite

No question was scored the opposite.