119-HR2908
Middle Class Savings Act
Last action was on 4-14-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 2908
1. Short title2. Application of current income tax bracket breakpoints to capital gains brackets1. Short title
This Act may be cited as the "Middle Class Savings Act".
2. Application of current income tax bracket breakpoints to capital gains brackets
(a) In general - Section 1(j)(5)(B) of the Internal Revenue Code of 1986 is amended—
(1) - by striking "$77,200" in clause (i)(I) and inserting "$103,350",
(2) - by striking "$51,700" in clause (i)(II) and inserting "$69,200",
(3) - by striking "$479,000" in clause (ii)(I) and inserting "$626,350",
(4) - by striking "$452,400" in clause (ii)(II) and inserting "$591,600", and
(5) - by striking "$425,800" in clause (ii)(III) and inserting "$591,600".
(b) Effective date - The amendments made by this Act shall apply with respect to taxable years beginning after December 31, 2024.