Seniors in the Workforce Tax Relief Act
The summary
What this bill does
Seniors in the Workforce Tax Relief Act
This bill establishes a new above-the-line federal tax deduction through 2029 for individuals who attain the age of 65 before the end of the tax year. (Above-the-line deductions are subtracted from gross income to calculate adjusted gross income.)
Under the bill, the amount of the tax deduction is $25,000 for individuals (or $50,000 for joint filers and surviving spouses) and begins to phase out for individuals with an adjusted gross income over $100,000 (or $200,000 for joint filers and surviving spouses).
Legislative timeline
From introduction
Jan 20, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - NE District 2 · R-NE
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | HR |
| Bill Number | 559 |
| Origin Chamber | House |
| Current Status | Referred to the House Committee on Ways and Means. |
| Policy Area | Taxation |
| Primary Committee | Not assigned |
| Introduced | January 20, 2025 |
| Latest Action | January 20, 2025 |
| Cosponsors | 0 · House vote — · 1 views |