Mom and Pop Tax Relief Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 8
- Latest action
- May 7, 2025
What it does
The Mom and Pop Tax Relief Act would amend the Internal Revenue Code to modify the qualified business income deduction under Section 199A by limiting the deduction to the first $25,000 of qualified business income per taxpayer, replacing the current percentage-based calculation. It would also impose an adjusted gross income limitation, reducing the deductible amount for taxpayers with AGI over $200,000 ($400,000 for joint filers), and make various conforming changes to simplify the deduction, including revising definitions of W–2 wages and qualified trade or business. The changes would apply to taxable years beginning after December 31, 2025, affecting small business owners and pass-through…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.