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Working Families Tax Cut: Increased Deductions for 2026-2027

This act renames the standard tax deduction to the "guaranteed deduction" and adds a bonus amount to this deduction for the years 2026 and 2027. This means many families and individuals could pay less in taxes during these years, increasing their disposable income. These changes aim to provide financial support for working families.
Key points
The standard tax deduction will be renamed to "guaranteed deduction" starting in 2026.
For 2026 and 2027, an additional bonus amount will be added to the guaranteed deduction: $4,000 for joint filers, $3,000 for heads of household, and $2,000 for others.
The bonus deduction amount will be reduced for higher-income earners (above $400,000 for joint filers, $300,000 for heads of household, and $200,000 for others).
The bonus deduction amounts will be adjusted for inflation starting in 2027.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1833
Sponsor: Rep. Malliotakis, Nicole [R-NY-11]
Process start date: 2025-03-04
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Working Families Tax Cut Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1833.

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 2025-03-04.

What are the main provisions?

Key points include:

  • The standard tax deduction will be renamed to "guaranteed deduction" starting in 2026.
  • For 2026 and 2027, an additional bonus amount will be added to the guaranteed deduction: $4,000 for joint filers, $3,000 for heads of household, and $2,000 for others.
  • The bonus deduction amount will be reduced for higher-income earners (above $400,000 for joint filers, $300,000 for heads of household, and $200,000 for others).
  • The bonus deduction amounts will be adjusted for inflation starting in 2027.
What is the specific legal status?

The current status is Introduced.

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. Malliotakis, Nicole [R-NY-11].

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 2025-12-22.

CATEGORIES

Taxes Family