Standard deduction renamed guaranteed deduction

(a) In general Section 63 of the Internal Revenue Code of 1986 is amended— (1) by striking standard deduction each place it appears and inserting guaranteed deduction, and (2) in subsection (c)— (A) in the heading, by striking Standard deduction and inserting Guaranteed deduction, (B) in the heading of paragraph (2), by striking standard deduction and inserting guaranteed deduction, (C) in the heading of paragraph (3), by striking standard deduction and inserting guaranteed deduction, (D) in the heading of paragraph (5), by striking standard deduction and inserting guaranteed deduction, (E) in the heading of paragraph (6), by striking standard deduction and inserting guaranteed deduction, and (F) in the heading of paragraph (7)(A), by striking standard deduction and inserting guaranteed deduction. (b) Conforming amendments (1) Section 1(g)(4)(A) of such Code is amended by striking standard deduction and inserting guaranteed deduction. (2) Section 56(b)(1)(D) of such Code is amended— (A) in the heading, by striking Standard deduction and inserting guaranteed deduction, and (B) by striking standard deduction and inserting guaranteed deduction. (3) Section 861(b) of such Code is amended by striking standard deduction and inserting guaranteed deduction. (4) Section 862(b) of such Code is amended by striking standard deduction and inserting guaranteed deduction. (5) Section 1398(c) of such Code is amended— (A) in the heading, by striking standard deduction and inserting guaranteed deduction, (B) in the heading of paragraph (3), by striking standard deduction and inserting guaranteed deduction, and (C) by striking standard deduction and inserting guaranteed deduction. (6) Section 3402 of such Code is amended by striking standard deduction each place it appears and inserting guaranteed deduction. (7) Section 6012 of such Code is amended by striking standard deduction each place it appears and inserting guaranteed deduction. (8) Section 6013(b)(3)(A) of such Code is amended by striking standard deduction and inserting guaranteed deduction. (9) Section 6014(b)(4) of such Code is amended by striking standard deduction and inserting guaranteed deduction. (10) Section 6334 of such Code is amended by striking standard deduction each place it appears and inserting guaranteed deduction. (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2025.