Amends the Internal Revenue Code to increase standard deduction amounts. Establishes the deduction for a joint return or surviving spouse at twice that for: (1) an individual who is not married and not a surviving spouse or head of household; or (2) a married individual filing separately.
Provides for annual inflation adjustments.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E429-430)
Referred to the House Committee on Ways and Means.
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