To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2024 and 2025.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2024 and 2025., changes federal law or congressional policy affecting immigrants, border agencies, and immigration-service providers. The main policy domain is Immigration.
Who Benefits and How
immigrants, border agencies, and immigration-service providers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, immigrants, border agencies, and immigration-service providers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H9FC0D637FBBB4A05A56D1DE8BFC985D3: 1. Short title This Act may be cited as the Tax Cuts for Working Families Act.
- Section HAB5D7295788D42579CAEA0D955F9840B: 2. Standard deduction renamed guaranteed deduction Section 63 of the Internal Revenue Code of 1986 is amended— by striking standard deduction each place it...
- Section HB2F7731DE490494C9AC2DF22F3ADF98F: 3. Bonus guaranteed deduction for 2024 and 2025 Section 63(c) of the Internal Revenue Code of 1986 (as amended by section 2) is amended by adding at the end...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2024 and 2025., changes federal law or congressional policy affecting immigrants, border agencies, and immigration-service providers.
Key Policy Areas
Immigration
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2024 and 2025., changes federal law or congressional policy affecting immigrants, border agencies, and immigration-service providers.
Policy Domains
Whole bill
Identified Gains
- immigrants, border agencies, and immigration-service providers
Identified Costs
- federal implementing agencies
- immigrants, border agencies, and immigration-service providers
Sponsors
Legislative Progress
ReportedReported with an amendment, committed to the Committee of the …
Mr. Smith of Missouri introduced the following bill; which was …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology