Pipeline · Bill → Law
Step 1
Introduced
Sep 6, 2024
Step 2
Referred
Sep 6, 2024
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill allows an above-the-line tax deduction through 2028 for individual taxpayers who have attained age 65 at the end of the taxable year. The deduction is equal to $25,000 reduced by a percentage of the taxpayer's adjusted gross income.
Timeline · 2 actions
Sep 6, 2024
Introduced in House
Sep 6, 2024
Referred to the House Committee on Ways and Means.