A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction for child dependents.

Summary

Amends the Internal Revenue Code to revise the permitted amount of the standard deduction for a taxpayer's dependent who: (1) is either under age 19 or a student; and (2) has income and files a separate return. Makes the standard deduction equal to as much as $4,000 of earned income plus a maximum of $1,000 of unearned income. (Under current law, the permitted deduction is the greater of $500 or the dependent's actual earned income up to the regular standard deduction amount for individuals.)

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Timeline

1. 14 April 1988

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 14 April 1988

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 14 April 1988

  Open at official source

Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Inouye, Daniel K. [D-HI] · D · Cosponsor
• Sen. Wirth, Timothy [D-CO] · D · Cosponsor
• Sen. Burdick, Quentin N. [D-ND] · D · Cosponsor
• Sen. Melcher, John [D-MT] · D · Cosponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Cosponsor
• · ssfi00 · Standing

Related records

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