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H.R. 9465

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to establish an above-the-line tax deduction for seniors.
About This Bill
Committee
Latest Action · September 6, 2024
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
September 6, 2024
Cosponsors (0)
None
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Summary

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Seniors in the Workforce Tax Relief Act This bill allows an above-the-line tax deduction through 2028 for individual taxpayers who have attained age 65 at the end of the taxable year. The deduction is equal to $25,000 reduced by a percentage of the taxpayer's adjusted gross income.

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