Expressing support for the designation of June 21, 2025, as National ASK (Asking Saves Kids) Day to promote children's health and secure storage of guns in the home.
- Last Action
- 6/20/2025
Actions
- 2025-01-16Referred to the House Committee on Ways and Means.
- 2025-01-16Introduced in House
- 2025-01-16Introduced in House
CRS Summary
As of 2025-01-16 (00)
Permanent Tax Cuts for American Families Act of 2025
This bill makes permanent the increased standard tax deduction amounts enacted in 2017 as part of the Tax Cuts and Jobs Act.
Under current law, the standard tax deduction consists of a statutory base amount that is adjusted annually for inflation. For tax years 2018-2025, the Tax Cuts and Jobs Act increased the standard tax deduction statutory base amounts to $24,000 (from $6,000) for joint filers, $18,000 (from $4,400) for head-of-household filers, and $12,000 (from $3,000) for single filers, which almost doubled the inflation-adjusted standard tax deduction amount for most taxpayers.
Under the bill, the increased standard tax deduction statutory base amounts of $24,000 for joint filers, $18,000 for head-of-household filers, and $12,000 for single filers are made permanent. The bill also makes permanent the annual adjustments to such amounts for inflation.
Cosponsors (14)
- Randy Feenstra (R-IA)
- Adrian Smith (R-NE)
- Darin LaHood (R-IL)
- Carol Miller (R-WV)
- Claudia Tenney (R-NY)
- Ron Estes (R-KS)
- Beth Van Duyne (R-TX)
- David Kustoff (R-TN)
- Brad Finstad (R-MN)
- Ken Calvert (R-CA)
- Michelle Fischbach (R-MN)
- Vern Buchanan (R-FL)
- Scott Fitzgerald (R-WI)
- Lloyd Smucker (R-PA)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.