Increased standard deduction

(a) In general Section 63(c)(2) of the Internal Revenue Code of 1986 is amended— (1) in subparagraph (B), by striking $4,400 and inserting $75,000, and (2) in subparagraph (C), by striking $3,000 and inserting $50,000. (b) Conforming amendments Section 63(c)(4) of such Code is amended— (1) by inserting (2026 in the case of the dollar amounts contained in subparagraph (B) or (C) of paragraph (2)) after 1988, and (2) in subparagraph (B)— (A) in clause (i)— (i) by striking paragraph (2)(B), (2)(C), or (5)(A) and inserting paragraph (5)(A), and (ii) by striking and at the end, (B) in clause (ii), by striking the period at the end and inserting, and, and (C) by adding at the end the following new clause: (i) calendar year 2025 in the case of the dollar amounts contained in subparagraph (B) or (C) of paragraph (2).. (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2025.