[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 523 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 523

To amend the Internal Revenue Code of 1986 to permanently increase the 
                          standard deduction.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 16, 2025

 Mr. Miller of Ohio (for himself, Mr. Feenstra, Mr. Smith of Nebraska, 
 Mr. LaHood, Mrs. Miller of West Virginia, Ms. Tenney, Mr. Estes, Ms. 
 Van Duyne, Mr. Kustoff, Mr. Finstad, and Mr. Calvert) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to permanently increase the 
                          standard deduction.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Permanent Tax Cuts for American 
Families Act of 2025''.

SEC. 2. INCREASE IN STANDARD DEDUCTION MADE PERMANENT.

    (a) In General.--Section 63(c)(2) of the Internal Revenue Code of 
1986 is amended--
            (1) by striking ``$4,400'' in subparagraph (B) and 
        inserting ``$18,000'', and
            (2) by striking ``$3,000'' in subparagraph (C) and 
        inserting ``$12,000''.
    (b) Inflation Adjustment.--Section 63(c)(4) of such Code is amended 
to read as follows:
            ``(4) Adjustments for inflation.--
                    ``(A) In general.--Each dollar amount in paragraph 
                (2)(B), (2)(C), or (5) or subsection (f) shall be 
                increased by an amount equal to--
                            ``(i) such dollar amount, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for the 
                        calendar year in which the taxable year begins, 
                        determined by substituting for `2016' in 
                        subparagraph (A)(ii) thereof--
                                    ``(I) in the case of the dollar 
                                amounts contained in paragraph (2)(B) 
                                or (2)(C), `2017',
                                    ``(II) in the case of the dollar 
                                amounts contained in paragraph (5)(A) 
                                or subsection (f), `1987', and
                                    ``(III) in the case of the dollar 
                                amount contained in paragraph (5)(B), 
                                `1997'.
                    ``(B) Rounding.--If any increase under this clause 
                is not a multiple of $50, such increase shall be 
                rounded to the next lowest multiple of $50.''.
    (c) Conforming Amendment.--Section 63(c) of such Code is amended by 
striking paragraph (7).
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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