Tax Cut for the Rest of Us Act of 2006

Summary

Tax Cut for the Rest of Us Act of 2006 - Amends the Internal Revenue Code to allow individual taxpayers who do not itemize tax deductions a $2,000 refundable tax credit, adjusted for inflation. Allows additional credit amounts of $2,000 for the taxpayer's spouse and $1,000 for each qualified dependent. Requires the basic standard deduction and the personal exemption amount for a taxpayer allowed such credit to be zero for that taxable year. Disallows such credit to an individual for whom a taxpayer is allowed a deduction as a dependent.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 May 2006

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 May 2006

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 May 2006

  Open at official source

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