Clerk session vote number: 138
Description: To amend the Internal Revenue Code of 1986 to permanently extend the increased standard deduction, and the 15-percent individual income tax rate bracket expansion, for married taxpayers filing joint returns
Bill summary: Amends the Internal Revenue Code to make permanent the following provisions of the Economic Growth and Tax Reconciliation Act of 2001: (1) the increased standard deduction for married taxpayers filing joint returns or for surviving spouses (twice the deduction for single taxpayers); (2) the increase in the taxable income level for qualifying married taxpayers filing joint returns or surviving spouses for the 15-percent tax bracket; and (3) provisions concerning the earned income tax credit,
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including those increasing the credit's phaseout amounts in the case of joint returns.
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Bill titles: To amend the Internal Revenue Code of 1986 to permanently extend the marriage penalty relief provided under the Economic Growth and Tax Relief Reconciliation Act of 2001.; To amend the Internal Revenue Code of 1986 to permanently extend the increased standard deduction, and the 15-percent individual income tax rate bracket expansion, for married taxpayers filing joint returns.
Links for more info on the vote: congress.gov