Sec. 70102. Extension and enhancement of increased standard deduction
Official source: Public Law 119-21, Section 70102 — 139 Stat. 158-159.
(a) In General.—
Section 63(c)(7) is amended—
(1) by striking “
, and before January 1, 2026
” in the matter preceding subparagraph (A), and
(2) by striking “
2018 Through 2025
” in the heading and inserting “
Beginning After 2017
”.
(b) Additional Increase in Standard Deduction.—
Paragraph (7) of section 63(c) is amended—
(1) by striking “
$18,000
” both places it appears in subparagraphs (A)(i) and (B)(ii) and inserting “
$23,625
”,
(2) by striking “
$12,000
” both places it appears in subparagraphs (A)(ii) and (B)(ii) and inserting “
$15,750
”,
(3) by striking “
” in subparagraph (B)(ii) and inserting “
”, and
(4) by striking “
” in subparagraph (B)(ii)(II) and inserting “
”.
(c) Effective Date.—
The amendments made by this section shall apply to taxable years beginning after December 31, 2024.