Working Families Tax Cut Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1833 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1833 To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2026 and 2027. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 4, 2025 Ms. Malliotakis 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 rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2026 and 2027. 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 ``Working Families Tax Cut Act''. SEC. 2. STANDARD DEDUCTION RENAMED GUARANTEED DEDUCTION. (a) In General.--Section 63 of the Internal Revenue Code of 1986 is amended-- (1) by striking ``sta…