# Plain Language Summary: Making Tax Cuts Permanent

This bill would make permanent the individual income tax changes that were passed as part of a major tax reform law. Right now, most of those tax cuts for individuals are set to expire at the end of 2025, which means tax rates would automatically go back up unless Congress acts. This bill would prevent that from happening by keeping those tax cuts in place indefinitely.

Here's what that means in practical terms: If this bill passes, you'd keep the lower tax rates and higher standard deductions that are currently in effect. Without this bill, millions of Americans would see their taxes increase when the current provisions expire. The bill essentially locks in the tax benefits you're getting now rather than letting them disappear. For example, if you're currently paying taxes at a lower rate bracket or claiming a higher standard deduction than you would have under the old rules, those benefits would continue.

The main people affected would be individual taxpayers across all income levels who are currently benefiting from the lower tax rates and expanded deductions. Businesses wouldn't be directly impacted by this particular bill since it focuses only on individual tax provisions—the business tax cuts from that same reform law have different expiration dates and aren't addressed here. The bill also doesn't change anything about taxes you're paying right now; it just prevents future increases that would otherwise happen automatically when the current law expires.

A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.

Cruz, Ted

 <p>This bill makes permanent several tax provisions for individual taxpayers that were enacted by the Tax Cuts and Jobs Act of 2017 and are scheduled to expire at the end of 2025. These provisions include reduction of individual income tax rates, increase in the child tax credit, limitations on the tax deduction for state and local taxes and the mortgage interest deduction, and increase in the exemption amount for estate and gift taxes.</p>