I
119THCONGRESS
1
STSESSION H. R. 559
To amend the Internal Revenue Code of 1986 to establish an above-the-
line tax deduction for seniors.
IN THE HOUSE OF REPRESENTATIVES
JANUARY20, 2025
Mr. B
ACONintroduced the following bill; which was referred to the Committee
on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to establish
an above-the-line tax deduction for seniors.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Seniors in the Work-4
force Tax Relief Act’’. 5
SEC. 2. DEDUCTION FOR SENIORS. 6
(a) I
NGENERAL.—Part VII of subchapter B of chap-7
ter 1 of the Internal Revenue Code of 1986 is amended 8
by redesignating section 224 as section 225 and by insert-9
ing after section 223 the following new section: 10
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•HR 559 IH
‘‘SEC. 224. DEDUCTION FOR SENIORS. 1
‘‘(a) I
NGENERAL.—In the case of an individual who 2
has attained age 65 before the close of the taxable year, 3
there shall be allowed as a deduction for the taxable year 4
an amount equal to— 5
‘‘(1) $25,000, reduced (but not below zero) by 6
the amount which bears the same ratio to such de-7
duction as— 8
‘‘(A) the excess of— 9
‘‘(i) the taxpayer’s adjusted gross in-10
come for such taxable year, over 11
‘‘(ii) $100,000, bears to 12
‘‘(B) $25,000. 13
‘‘(b) S
PECIALRULES.— 14
‘‘(1) J
OINT RETURN OR SURVIVING SPOUSE .— 15
In the case of a joint return or a surviving spouse 16
(as defined in section 2(a)) paragraph (1) shall be 17
applied by substituting ‘$200,000’ for ‘$100,000’, 18
and ‘$50,000’ for ‘$25,000’. 19
‘‘(2) B
OTH INDIVIDUALS OVER 65 .—In the case 20
of a joint return or a surviving spouse with respect 21
to which both individuals attained age 65 (or in the 22
case of a surviving spouse, would have attained age 23
65) before the close of the taxable year, paragraph 24
(1) shall be applied by substituting ‘$50,000’ for 25
‘$25,000’. 26
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•HR 559 IH
‘‘(c) TERMINATION.—No deduction shall be allowed 1
under this section for taxable years beginning after De-2
cember 31, 2029.’’. 3
(b) D
EDUCTIONALLOWEDWHETHER ORNOTINDI-4
VIDUALITEMIZESOTHERDEDUCTIONS.—Subsection (a) 5
of section 62 of such Code is amended by inserting before 6
the last sentence at the end the following new paragraph: 7
‘‘(22) D
EDUCTION FOR SENIORS .—The deduc-8
tion allowed by section 224.’’. 9
(c) C
LERICALAMENDMENT.—The table of sections 10
for part VII of subchapter B of chapter 1 of such Code 11
is amended by redesignating the item relating to section 12
224 as an item relating to section 225 and by inserting 13
after the item relating to section 223 the following new 14
item: 15
‘‘Sec. 224. Deduction for seniors.’’.
(d) EFFECTIVEDATE.—The amendments made by 16
this section shall apply to taxable years beginning after 17
December 31, 2024. 18
Æ
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