HOUSE 3864118th CongressReferred to the House Committee on Ways and Means.

Working Families Tax Cut Act

Last Action: 6/6/2023

Actions

2023-06-06Referred to the House Committee on Ways and Means.
2023-06-06Introduced in House
2023-06-06Introduced in House

CRS Summary

As of 2023-06-06 (00)

Tax Cuts for Working Families Act

This bill renames the standard tax deduction as the guaranteed deduction. It allows an additional bonus amount of $2,000 ($4,000 for married couples filing jointly) in taxable years beginning in 2024 and 2025 but reduces the bonus amount for taxpayers whose modified adjusted gross income exceeds $200,000 ($400,000 for joint filers).

Cosponsors (2)

Michelle Steel (R-CA)
Beth Van Duyne (R-TX)

Subjects

Income tax deductions
Inflation and prices

Read on Congress.gov

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