HR. 523In Committee
Permanent Tax Cuts for American Families Act of 2025
Makes permanent the higher standard deduction amounts and inflation adjustments enacted in 2017 for individual tax filers
Plain-English overview
What this bill does
Makes permanent the higher standard deduction amounts and inflation adjustments enacted in 2017 for individual tax filers
Key points
- Extend higher standard deductions
- Extend inflation adjustments
Current status
Where it stands
Status
In Committee
Latest action
2025-01-16 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation