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A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction, and for other purposes.
3/11/2026, 10:56 AM
Summary of Bill S 4042
The bill, titled "A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction, and for other purposes," was introduced in the 119th Congress on March 10, 2026. It aims to raise the standard deduction within the Internal Revenue Code of 1986 and includes additional provisions for other purposes, as outlined in the bill text.
Current Status of Bill S 4042
Bill S 4042 is currently in the status of Bill Introduced since March 10, 2026. Bill S 4042 was introduced during Congress 119 and was introduced to the Senate on March 10, 2026. Bill S 4042's most recent activity was Read twice and referred to the Committee on Finance. as of March 10, 2026
Bipartisan Support of Bill S 4042
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 4042
Primary Policy Focus
Alternate Title(s) of Bill S 4042
A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction, and for other purposes.
A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction, and for other purposes.
Comments
Sponsors and Cosponsors of S 4042
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