H.R. 9465 · 118th Congress
Seniors in the Workforce Tax Relief Act
- Stage
- In committee
- Sponsor
- Don Bacon
- Introduced
- 2024-09-06
- Latest action
- 2024-09-06 · Introduced in House
Summary
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.