Tax Cuts for Working Families Act
Last action on Jun 11, 2025Referred to the House Committee on Ways and Means.
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Summary
Tax Cuts for Working Families Act
This bill renames the standard tax deduction as the guaranteed deduction. It allows an additional bonus amount of $2,000 ($4,000 for married couples filing jointly) in taxable years beginning in 2024 and 2025 but reduces the bonus amount for taxpayers whose modified adjusted gross income exceeds $200,000 ($400,000 for joint filers).
Lifecycle of the Bill
Introduced in House
Jun 11, 2025
Introduced in House
Jun 11, 2025
Referred to the House Committee on Ways and Means.
Jun 11, 2025
