No CRS summary available for this bill.
This section amends multiple sections of the Internal Revenue Code to replace gender-specific terms such as "husband and wife" with gender-neutral terms such as "married couple" or "spouses" in provisions relating to (1) child and dependent care expenses; (2) credit for the elderly or disabled; (3) low-income housing credit; (4) certain business deductions; (5) exclusion of gain from sale of principal residence; (6) casualty losses; (7) election to expense certain depreciable assets; (8) medical expenses; (9) retirement savings contributions; (10) meals and entertainment expenses; (11) certain trusts; (12) partnerships; (13) foreign earned income exclusion; (14) small business stock; (15) disaster loss mitigation; (16) S corporations; (17) estate tax joint interests; (18) gift tax rules for spouses; (19) transfers for public, charitable, and educational uses; (20) joint income tax returns; and others. Among other changes, the section (1) treats married couples as a single partner for low-income housing credit allocation purposes; (2) revises community income rules for the foreign earned income exclusion; (3) treats married couples as one person for certain original issue discount rules (except if living apart); and (4) updates gift-splitting rules to apply to gifts by one spouse to a third party, requiring both spouses to be U.S. citizens or residents.
This section amends multiple provisions throughout the Internal Revenue Code of 1986 to replace gender-specific language—such as "his spouse," "his taxable year," and "his home"—with gender-neutral equivalents (e.g., "the individual's spouse," "the taxpayer's spouse," "the employee's spouse," "the individual's taxable year," and "the individual's home"). These changes apply to provisions concerning, among others, tax rates (IRC §1), filing status (§2), child and dependent care credits (§21), electric vehicle credits (§36), expensing rules (§179), constructive ownership (§318), IRAs (§408), passive activity losses (§469), and various deductions, exclusions, and definitions (§§63, 105, 119, 129, 170, 213, 217, 267, 911, and others).