Summary: H.R.4181 — 108th Congress (2003-2004)All Information (Except Text)

Bill summaries are authored by CRS.

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Passed House amended (04/28/2004)

Amends the Internal Revenue Code to make permanent the following provisions of the Economic Growth and Tax Reconciliation Act of 2001: (1) the increased standard deduction for married taxpayers filing joint returns or for surviving spouses (twice the deduction for single taxpayers); (2) the increase in the taxable income level for qualifying married taxpayers filing joint returns or surviving spouses for the 15-percent tax bracket; and (3) provisions concerning the earned income tax credit, including those increasing the credit's phaseout amounts in the case of joint returns.