Extension and enhancement of reduced rates

(a) In general Section 1(j) is amended— (1) in paragraph (1), by striking, and before January 1, 2026, and (2) by striking 2018 through 2025 in the heading and inserting beginning after 2017. (b) Inflation adjustment Section 1(j)(3)(B)(i) is amended by inserting solely for purposes of determining the dollar amounts at which any rate bracket higher than 12 percent ends and at which any rate bracket higher than 22 percent begins, before subsection (f)(3). (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2025.