HR. 1130In Committee
Bonus Tax Relief for America’s Seniors Act
Increase the additional standard deduction for taxpayers age 65 or older to $5,000, with inflation adjustment and equal treatment across filing statuses
Plain-English overview
What this bill does
Increase the additional standard deduction for taxpayers age 65 or older to $5,000, with inflation adjustment and equal treatment across filing statuses
Key points
- Modify deduction for inflation
- Increase senior standard deduction
- Extend equal deduction to joint filers
Current status
Where it stands
Status
In Committee
Latest action
2025-02-07 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation