Bonus Tax Relief for America’s Seniors Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1130 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1130 To amend the Internal Revenue Code of 1986 to increase the additional standard deduction for seniors. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 7, 2025 Ms. Malliotakis (for herself, Mr. Panetta, and Mr. Carey) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to increase the additional standard deduction for seniors. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Bonus Tax Relief for America's Seniors Act''. SEC. 2. INCREASE IN ADDITIONAL STANDARD DEDUCTION FOR SENIORS. (a) In General.--Section 63(f)(1) of the Internal Revenue Code of 1986 is amended by striking ``$600'' and inserting ``$5,000''. (b) Inflation Adjustment.--Section 63(f) of such Code is amended by adding at t…