Tax Cuts for Working Families Act

Summary

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).

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Timeline

1. 9 June 2023

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 9 June 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 June 2023

   Introduced

   Introduced in House

   Source: IntroReferral

4. 13 June 2023

   Vote

   Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 24 - 16.

   Source: Committee

5. 13 June 2023

   Committee

   Committee Consideration and Mark-up Session Held

   Source: Committee

6. 30 June 2023

   Calendars

   Placed on the Union Calendar, Calendar No. 101.

   Source: Calendars

7. 30 June 2023

   Reported

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

   Source: Committee

8. 30 June 2023

   Reported

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Reported in House · 30 June 2023 · Official file
• Introduced in House · 9 June 2023 · Official file

Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 30 June 2023

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 30 June 2023

  ViewDownloadOpen at official source

• Reported to House

  summary · EN · 30 June 2023

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 9 June 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 June 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 June 2023

  Open at official source

Sponsors

• Rep. Smith, Jason [R-MO-8] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → Working Families Tax Cut Act