To amend the Internal Revenue Code of 1986 to eliminate the marriage penalty in the income tax rate brackets.

Hozzl · 2025-01-10T09:20:52Z

Explore the details of House Bill 320 To amend the Internal Revenue Code of 1986 to eliminate the marriage penalty in the income tax rate brackets. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

1/10/2025, 9:20 AM

Summary of Bill HR 320

Bill 119 HR 320, also known as the Marriage Penalty Elimination Act, aims to amend the Internal Revenue Code of 1986 to eliminate the marriage penalty in the income tax rate brackets. The marriage penalty refers to the situation where married couples pay more in taxes than they would if they were single and filing separately.

This bill seeks to address this issue by adjusting the income tax rate brackets for married couples to ensure that they are not penalized for being married. By eliminating the marriage penalty, the bill aims to provide tax relief to married couples and promote fairness in the tax system.

If passed, this legislation would have a direct impact on the tax liabilities of married couples, potentially reducing the amount of taxes they owe and providing them with more financial flexibility. Supporters of the bill argue that it is a step towards creating a more equitable tax system that treats married couples fairly. Overall, Bill 119 HR 320 seeks to address the marriage penalty in the income tax rate brackets and provide tax relief to married couples. It is important to note that this bill is still in the early stages of the legislative process and may undergo changes before it is enacted into law.

Congressional Summary of HR 320

Make Marriage Great Again Act of 2025

This bill modifies the federal income tax rate brackets for married individuals filing joint federal income tax returns so that they are twice the amount of the federal income tax rate brackets for unmarried individuals filing federal income tax returns (thus eliminating the tax effect commonly known as the marriage penalty). Further, under the bill, the federal income tax rate brackets for married individuals filing separate federal income tax returns no longer applies for tax years beginning after December 31, 2024.

Current Status of Bill HR 320

Bill HR 320 is currently in the status of Bill Introduced since January 9, 2025. Bill HR 320 was introduced during Congress 119 and was introduced to the House on January 9, 2025. Bill HR 320's most recent activity was Referred to the House Committee on Ways and Means. as of January 9, 2025

Bipartisan Support of Bill HR 320

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 320

Primary Policy Focus

Alternate Title(s) of Bill HR 320

To amend the Internal Revenue Code of 1986 to eliminate the marriage penalty in the income tax rate brackets.To amend the Internal Revenue Code of 1986 to eliminate the marriage penalty in the income tax rate brackets.

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Sponsors and Cosponsors of HR 320

W. Gregory Steube

Florida(Republican)

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