HR 1130 · in committee · significant
Bonus Tax Relief for America’s Seniors Act
- taxes
What this bill does
- Increases the additional standard tax deduction for seniors 65+ from $1,600 to $5,000 per person.
- Affects seniors who file individual income tax returns and married couples where both spouses are 65+.
- Reduces federal tax revenue by allowing seniors to exclude more income from taxation, effective for tax year 2025.
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Community Threads
Started by Cosponsor
- 01
How would increasing the standard deduction for seniors by $3,400 affect federal revenue, and what programs might need adjustment to offset that loss?
- 02
Which seniors would benefit most from this deduction increase: those with modest fixed incomes or those with substantial retirement savings and investments?
- 03
What evidence suggests that reducing taxes on seniors' income is more effective than other policy approaches to address senior financial security?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-NY-11
Nicole Malliotakis
Citizen cosponsors
0
In Congress
7/ 435
House Reps cosponsoring
Introduced 2025-02-07
Joining the bill
Legislative timeline
2025-02-07 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-02-07 · IntroReferral
Introduced in House
2025-02-07 · IntroReferral
Introduced in House
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