HR. 559In Committee
Seniors in the Workforce Tax Relief Act
Establishes a temporary above the line federal tax deduction through 2029 for taxpayers age 65 and older, with income based phaseouts
Plain-English overview
What this bill does
Establishes a temporary above the line federal tax deduction through 2029 for taxpayers age 65 and older, with income based phaseouts
Key points
- Establish tax deduction
- Limit deduction by income
Current status
Where it stands
Status
In Committee
Latest action
2025-01-20 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation