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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).

House floor actions Actions

Calendars
Jun. 30 2023	Placed on the Union Calendar, Calendar No. 101.

Committee
Jun. 30 2023	Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-129.

IntroReferral
Jun. 09 2023	Referred to the House Committee on Ways and Means.

Library of Congress Actions

Committee
Jun. 30 2023	Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-129.

IntroReferral
Jun. 09 2023	Introduced in House Introduced in House

House committee actions Actions

Committee
Jun. 13 2023	Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 24 - 16. Committee Consideration and Mark-up Session Held

House bill HR3936-118

Tax Cuts for Working Families Act

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