To amend the Internal Revenue Code of 1986 to establish an above-the-line tax deduction for seniors.
Seniors in the Workforce Tax Relief Act
This bill allows an above-the-line tax deduction through 2028 for individual taxpayers who have attained age 65 at the end of the taxable year. The deduction is equal to $25,000 reduced by a percentage of the taxpayer's adjusted gross income.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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