Bill · H.R. 523· House(119-HR-523)

Permanent Tax Cuts for American Families Act of 2025

Age: 38 years

Ohio

Introduced: 1/16/2025
Last activity: 1/16/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Max Miller
Cosponsors: - 14 - 0

Taxation

Introduced
In Committee

What this bill would do

This bill, titled the ``Permanent Tax Cuts for American Families Act of 2025'', seeks to amend the Internal Revenue Code of 1986. The primary goal is to permanently increase the standard deduction. Specifically, it proposes changing the amount in subparagraph (B) from $4,400 to $18,000. It also proposes changing the amount in subparagraph (C) from $3,000 to $12,000. Additionally, the bill modifies how inflation adjustments are handled for these amounts. These changes would apply to taxable years beginning after the Act is enacted.

Yes· 3 of 9

Would middle-income households be better off under this?+7
The bill provides a substantial increase in the standard deduction which lowers the tax burden for many middle-class families.
Does this cut taxes for middle-income families?+7
The bill significantly increases the standard deduction from $4,400 to $18,000 for individuals, reducing taxable income for middle-income families.
Would people in middle age be better off under this?+5
The increased standard deduction provides tax relief for middle-aged taxpayers.

The opposite

Does this reduce what the federal government spends?-3
Increasing the standard deduction reduces federal tax revenue, which effectively increases the deficit or reduces government funds.