S. 1226 — A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.

This bill makes permanent several tax provisions for individual taxpayers that were enacted by the Tax Cuts and Jobs Act of 2017 and are scheduled to expire at the end of 2025. These provisions include a reduction of individual income tax rates, an increase in the child tax credit, limitations on the tax deduction for state and local taxes and the mortgage interest deduction, and an increase in the exemption amount for estate and gift taxes.