H.R.957 - Tax Cuts and Jobs Middle Class Enhancement Act116th Congress (2019-2020)
|Sponsor:||Rep. Mitchell, Paul [R-MI-10] (Introduced 02/04/2019)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 02/04/2019 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.957 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (02/04/2019)
Tax Cuts and Jobs Middle Class Enhancement Act
The bill makes permanent the tax reductions and other provisions for individuals that were enacted in P.L 115-97 (commonly known as the Tax Cuts and Jobs Act) and are scheduled to expire at the end of 2025.
The bill also
- increases the standard deduction,
- makes permanent the reduction in the adjusted gross income threshold that must be exceeded before a taxpayer is allowed to claim an itemized deduction for medical expenses, and
- increases the refundable portion of the child tax credit.