Extension and enhancement of increased standard deduction
Title VII — Finance › Subtitle A — Tax › Chapter 1 — Providing permanent tax relief for middle-class families and workers
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No wording changed between Senate changes and Final version sent to the President.
How the text changed
(a) In general Section 63(c)(7) is amended— (1) by striking, and before January 1, 2026 in the matter preceding subparagraph (A), and (2) by striking 2018 through 2025 in the heading and inserting beginning after 2017. (b) Additional increase in standard deduction Paragraph (7) of section 63(c) is amended— (1) by striking $18,000 both places it appears in subparagraphs (A)(i) and (B)(ii) and inserting $23,625, (2) by striking $12,000 both places it appears in subparagraphs (A)(ii) and (B)(ii) and inserting $15,750, (3) by striking 2018 in subparagraph (B)(ii) and inserting 2025, and (4) by striking 2017 in subparagraph (B)(ii)(II) and inserting 2024. (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2024.
(a) In general Section 63(c)(7) is amended— (1) by striking, and before January 1, 2026 in the matter preceding subparagraph (A), and (2) by striking 2018 through 2025 in the heading and inserting beginning after 2017. (b) Additional increase in standard deduction Paragraph (7) of section 63(c) is amended— (1) by striking $18,000 both places it appears in subparagraphs (A)(i) and (B)(ii) and inserting $23,625, (2) by striking $12,000 both places it appears in subparagraphs (A)(ii) and (B)(ii) and inserting $15,750, (3) by striking 2018 in subparagraph (B)(ii) and inserting 2025, and (4) by striking 2017 in subparagraph (B)(ii)(II) and inserting 2024. (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2024.
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