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Permanent Tax Cuts: Higher Deductions for American Families

This bill aims to permanently increase the standard tax deduction, meaning more of citizens' income will be exempt from taxation. As a result, families and individuals may pay lower taxes or receive a larger refund, impacting their personal finances.
Key points
Significant increase in the tax-free amount for individuals and families.
Tax deduction changes will be permanent and adjusted annually for inflation.
The act applies to tax years beginning after its enactment date.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_3270
Sponsor: Rep. Steel, Michelle [R-CA-45]
Process start date: 2023-05-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Permanent Tax Cuts for American Families Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3270.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-11.

What are the main provisions?

Key points include:

  • Significant increase in the tax-free amount for individuals and families.
  • Tax deduction changes will be permanent and adjusted annually for inflation.
  • The act applies to tax years beginning after its enactment date.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Steel, Michelle [R-CA-45].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Family