119-HR4280

Bill is currently in: House
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House Senate President

119th CONGRESS

1st Session

H. R. 4280

1. Short title
2. Modification of income tax rates

1. Short title

This Act may be cited as the "Bipartisan Tax Fairness Act of 2025".

2. Modification of income tax rates

(a) Married individuals filing joint returns and surviving spouses - Section 1(a) of the Internal Revenue Code of 1986 is amended by striking the table contained therein and inserting the following:

(b) Heads of households - Section 1(b) of such Code is amended by striking the table contained therein and inserting the following:

(c) Unmarried individuals other than surviving spouses and heads of households - Section 1(c) of such Code is amended by striking the table contained therein and inserting the following:

(d) Married individuals filing separate returns - Section 1(d) of such Code is amended by striking the table contained therein and inserting the following:

(e) Estates and trusts - Section 1(e) of such Code is amended by striking the table contained therein and inserting the following:

(f) Inflation adjustments - Section 1(f) of such Code is amended—

(1) - by amending paragraph (2)(A) to read as follows:

(A) - by increasing the minimum and maximum dollar amounts for each bracket for which a tax is imposed under such table by the cost-of-living adjustment for such calendar year, determined under this subsection for such calendar year by substituting ‘2017’ for ‘2016’ in paragraph (3)(A)(ii),

(2) Rounding - by amending paragraph (7) to read as follows:

(7) Rounding

(A) In general - Except as provided in subparagraph (B), if any increase determined under paragraph (2)(A) is not a multiple of $25, such increase shall be rounded to the next lowest multiple of $25.

(B) Joint returns, etc - In the case of a table prescribed under subsection (a), subparagraph (A) shall be applied by substituting "$50" for "$25" both places it appears.

(3) - by striking paragraph (8), and

(4) - in the heading, by striking "Phaseout of marriage penalty in 15-percent bracket; adjustments" and inserting "Adjustments".

(g) Conforming amendments

(1) - Section 1 of such Code is amended by striking subsections (i) and (j).

(2) - Section 3402(q)(1) of such Code is amended by striking "third lowest" and inserting "fourth lowest".

(h) Effective date

(1) In general - The amendments made by this section shall apply to taxable years beginning after December 31, 2025.

(2) Application of section 15 - Section 15 of such Code shall not apply to any change in a rate of tax by reason of—

(A) - section 1(j) of such Code (as in effect before its repeal by this section), or

(B) - any amendment made by this section.