Tax Relief for Middle Class Families Act of 2024
10/15/2024, 11:53 PMSummary of Bill S 5219
Bill 118 s 5219, also known as the Tax Relief for Middle Class Families Act of 2024, is a piece of legislation introduced in the US Congress aimed at providing tax relief to middle class families. The bill focuses on reducing the tax burden on individuals and families in the middle income bracket.One of the key provisions of the bill is the increase in the standard deduction for middle class families. This means that families will be able to deduct a larger amount of their income before calculating their taxes, resulting in lower tax liabilities. Additionally, the bill includes provisions for expanding tax credits for families with children, making it easier for parents to afford the costs of raising a family.
The Tax Relief for Middle Class Families Act of 2024 also includes measures to simplify the tax filing process for middle class families. This includes streamlining tax forms and making it easier for individuals to claim deductions and credits they are eligible for. Overall, the goal of this legislation is to provide much-needed relief to middle class families who may be struggling to make ends meet. By reducing their tax burden and simplifying the tax filing process, the bill aims to make it easier for middle class families to keep more of their hard-earned money and provide for their loved ones.
Read the Full Bill
Current Status of Bill S 5219
Bill S 5219 is currently in the status of Bill Introduced since September 25, 2024. Bill S 5219 was introduced during Congress 118 and was introduced to the Senate on September 25, 2024. Bill S 5219's most recent activity was Read twice and referred to the Committee on Finance. as of September 25, 2024Bipartisan Support of Bill S 5219
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 5219
Primary Policy Focus
Alternate Title(s) of Bill S 5219
Tax Relief for Middle Class Families Act of 2024Tax Relief for Middle Class Families Act of 2024A bill to amend the Internal Revenue Code of 1986 to increase the limitation on the deduction for State and local taxes.Comments
Most relevant
Sponsors and Cosponsors of S 5219
Latest Bills
Proven Forest Management Act of 2025
Bill HR 179April 11, 2025
NFIP Extension Act of 2025
Bill HR 2123April 11, 2025
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
Bill HJRES 25April 11, 2025
Freedom of Association in Higher Education Act of 2025
Bill S 1225April 11, 2025
Freedom of Association in Higher Education Act of 2025
Bill HR 2555April 11, 2025
To establish a new Justice Department grant program to reduce the number of individuals incarcerated in local jails, reduce the number of days individuals are incarcerated in local jails, and support community-led local justice reinvestment.
Bill HR 2669April 11, 2025
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Energy relating to "Energy Conservation Program: Energy Conservation Standards for Consumer Gas-fired Instantaneous Water Heaters".
Bill HJRES 20April 11, 2025
Federal Firearm Licensee Act
Bill HR 2618April 11, 2025
Commending Volkert, Inc. on the occasion of its 100th anniversary and its century of service to the State of Alabama and the United States.
Bill HRES 330April 11, 2025
A resolution commending Volkert, Inc. on the occasion of its 100th anniversary and its century of service to the State of Alabama and the United States.
Bill SRES 137April 11, 2025