H.R. 523: Permanent Tax Cuts for American Families Act of 2025

H.R. 523 is a federal bill in the 119th Congress. Currently, the standard tax deduction, which reduces the amount of income subject to federal income tax, is set to return to lower levels after 2025. For example, a married couple filing jointly currently deducts a base amount of $24,000, but this amount… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.