IIB 
115TH CONGRESS 
2D SESSION 
H. R. 6760 
IN SENATE OF THE UNITED STATES 
OCTOBER 1 (legislative day, SEPTEMBER 28), 2018 
Received; read twice and referred to the Committee on Finance 
AN ACT 
To amend the Internal Revenue Code of 1986 to make 
permanent certain provisions of the Tax Cuts and Jobs 
Act affecting individuals, families, and small businesses. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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Sec. 131. Treatment of student loans discharged on account of death or dis-
ability. 
Subtitle E—Deductions and Exclusions 
Sec. 141. Repeal of deduction for personal exemptions. 
Sec. 142. Limitation on deduction for State and local, etc. taxes. 
Sec. 143. Limitation on deduction for qualified residence interest. 
Sec. 144. Modification of deduction for personal casualty losses. 
Sec. 145. Termination of miscellaneous itemized deductions. 
Sec. 146. Repeal of overall limitation on itemized deductions. 
Sec. 147. Termination of exclusion for qualified bicycle commuting reimburse-
ment. 
Sec. 148. Qualified moving expense reimbursement exclusion limited to mem-
bers of Armed Forces. 
Sec. 149. Deduction for moving expenses limited to members of Armed Forces. 
Sec. 150. Limitation on wagering losses. 
Subtitle F—Increase in Estate and Gift Tax Exemption 
Sec. 151. Increase in estate and gift tax exemption. 
TITLE II—INCREASED EXEMPTION FOR ALTERNATIVE MINIMUM 
TAX MADE PERMANENT 
Sec. 201. Increased exemption for individuals. 
TITLE III—BUDGETARY EFFECTS 
Sec. 301. Budgetary effects. 
TITLE I—INDIVIDUAL REFORM 
MADE PERMANENT 
Subtitle A—Rate Reform 
SEC. 101. MODIFICATION OF RATES. 
(a) MARRIED INDIVIDUALS FILING JOINT RETURNS 
AND SURVIVING SPOUSES.—Section 1(a) is amended by 
striking the table contained therein and inserting the fol-
lowing: 
‘‘If taxable income is: 
The tax is: 
Not over $19,050 ......................................
10% of taxable income. 
Over $19,050 but not over $77,400 ..........
$1,905, plus 12% of the excess over 
$19,050. 
Over $77,400 but not over $165,000 ........
$8,907, plus 22% of the excess over 
$77,400. 
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‘‘If taxable income is: 
The tax is: 
Over $165,000 but not over $315,000 ......
$28,179, plus 24% of the excess 
over $165,000. 
Over $315,000 but not over $400,000 ......
$64,179, plus 32% of the excess 
over $315,000. 
Over $400,000 but not over $600,000 ......
$91,379, plus 35% of the excess 
over $400,000. 
Over $600,000 ...........................................
$161,379, plus 37% of the excess 
over $600,000.’’. 
(b) HEAD OF HOUSEHOLDS.—Section 1(b) is amend-
ed by striking the table contained therein and inserting 
the following: 
‘‘If taxable income is: 
The tax is: 
Not over $13,600 ......................................
10% of taxable income. 
Over $13,600 but not over $51,800 ..........
$1,360, plus 12% of the excess over 
$13,600. 
Over $51,800 but not over $82,500 ..........
$5,944, plus 22% of the excess over 
$51,800. 
Over $82,500 but not over $157,500 ........
$12,698, plus 24% of the excess 
over $82,500. 
Over $157,500 but not over $200,000 ......
$30,698, plus 32% of the excess 
over $157,500. 
Over $200,000 but not over $500,000 ......
$44,298, plus 35% of the excess 
over $200,000. 
Over $500,000 ...........................................
$149,298, plus 37% of the excess 
over $500,000.’’. 
(c) UNMARRIED INDIVIDUALS OTHER THAN SUR-
VIVING SPOUSES AND HEADS OF HOUSEHOLD.—Section 
1(c) is amended by striking the table contained therein 
and inserting the following: 
‘‘If taxable income is: 
The tax is: 
Not over $9,525 ........................................
10% of taxable income. 
Over $9,525 but not over $38,700 ............
$952.50, plus 12% of the excess 
over $9,525. 
Over $38,700 but not over $82,500 ..........
$4,453.50, plus 22% of the excess 
over $38,700. 
Over $82,500 but not over $157,500 ........
$14,089.50, plus 24% of the excess 
over $82,500. 
Over $157,500 but not over $200,000 ......
$32,089.50, plus 32% of the excess 
over $157,500. 
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‘‘If taxable income is: 
The tax is: 
Over $200,000 but not over $500,000 ......
$45,689.50, plus 35% of the excess 
over $200,000. 
Over $500,000 ...........................................
$150,689.50, plus 37% of the ex-
cess over $500,000.’’. 
(d) MARRIED INDIVIDUALS FILING SEPARATE RE-
TURNS.—Section 1(d) is amended by striking the table 
contained therein and inserting the following: 
‘‘If taxable income is: 
The tax is: 
Not over $9,525 ........................................
10% of taxable income. 
Over $9,525 but not over $38,700 ............
$952.50, plus 12% of the excess 
over $9,525. 
Over $38,700 but not over $82,500 ..........
$4,453.50, plus 22% of the excess 
over $38,700. 
Over $82,500 but not over $157,500 ........
$14,089.50, plus 24% of the excess 
over $82,500. 
Over $157,500 but not over $200,000 ......
$32,089.50, plus 32% of the excess 
over $157,500. 
Over $200,000 but not over $300,000 ......
$45,689.50, plus 35% of the excess 
over $200,000. 
Over $300,000 ...........................................
$80,689.50, plus 37% of the excess 
over $300,000.’’. 
(e) ESTATES AND TRUSTS.—Section 1(e) is amended 
by striking the table contained therein and inserting the 
following: 
‘‘If taxable income is: 
The tax is: 
Not over $2,550 ........................................
10% of taxable income. 
Over $2,550 but not over $9,150 ..............
$255, plus 24% of the excess over 
$2,550. 
Over $9,150 but not over $12,500 ............
$1,839, plus 35% of the excess over 
$9,150. 
Over $12,500 .............................................
$3,011.50, plus 37% of the excess 
over $12,500.’’. 
(f) INFLATION
ADJUSTMENTS.—Section 1(f) is 
amended— 
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(1) by striking ‘‘1993’’ in paragraph (1) and in-
serting ‘‘2018’’, 
(2) by amending paragraph (2)(A) to read as 
follows: 
‘‘(A) by increasing the minimum and max-
imum 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 cal-
endar year by substituting ‘2017’ for ‘2016’ in 
paragraph (3)(A)(ii),’’, 
(3) in paragraph (7)(B), by striking all that 
precedes ‘‘(other than with respect to’’ and inserting 
the following: 
‘‘(B) SPECIAL
RULE.—In the case of a 
table prescribed in lieu of the table contained in 
subsection (b), (c), or (d), subparagraph (A)’’, 
(4) by striking paragraph (8), and 
(5) in the heading, by striking ‘‘PHASEOUT OF 
MARRIAGE PENALTY IN 15-PERCENT BRACKET; AD-
JUSTMENTS’’ and inserting ‘‘ADJUSTMENTS’’. 
(g) SPECIAL RULES FOR CERTAIN CHILDREN WITH 
UNEARNED INCOME.— 
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(1) IN GENERAL.—Section 1(g) is amended by 
striking all that precedes paragraph (2) and insert-
ing the following: 
‘‘(g) SPECIAL RULES FOR CERTAIN CHILDREN WITH 
UNEARNED INCOME.— 
‘‘(1) IN GENERAL.—In the case of any child to 
whom this subsection applies— 
‘‘(A) 
MODIFICATIONS
TO
APPLICABLE 
RATE BRACKETS.—In determining the amount 
of tax imposed by this section for the taxable 
year on such child, the income tax table other-
wise applicable under this section to such child 
shall be applied with the following modifica-
tions: 
‘‘(i) 
24-PERCENT
BRACKET.—The 
maximum taxable income which is taxed at 
a rate below 24 percent shall not be more 
than the sum of— 
‘‘(I) the earned taxable income of 
such child, plus 
‘‘(II) the minimum taxable in-
come for the 24-percent bracket in the 
table under subsection (e) (as ad-
justed under subsection (f)) for the 
taxable year. 
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‘‘(ii) 
35-PERCENT
BRACKET.—The 
maximum taxable income which is taxed at 
a rate below 35 percent shall not be more 
than the sum of— 
‘‘(I) the earned taxable income of 
such child, plus 
‘‘(II) the minimum taxable in-
come for the 35-percent bracket in the 
table under subsection (e) (as ad-
justed under subsection (f)) for the 
taxable year. 
‘‘(iii) 
37-PERCENT
BRACKET.—The 
maximum taxable income which is taxed at 
a rate below 37 percent shall not be more 
than the sum of— 
‘‘(I) the earned taxable income of 
such child, plus 
‘‘(II) the minimum taxable in-
come for the 37-percent bracket in the 
table under subsection (e) (as ad-
justed under subsection (f)) for the 
taxable year. 
‘‘(B) COORDINATION WITH CAPITAL GAINS 
RATES.—For purposes of applying section 
1(h)— 
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‘‘(i) the maximum zero rate amount 
shall not be more than the sum of— 
‘‘(I) the earned taxable income of 
such child, plus 
‘‘(II) the amount in effect under 
subsection (h)(13) for the taxable 
year, and 
‘‘(ii) the maximum 15-percent rate 
amount shall not be more than the sum 
of— 
‘‘(I) the earned taxable income of 
such child, plus 
‘‘(II) the amount in effect under 
subsection (h)(12)(D) for the taxable 
year.’’. 
(2) 
EARNED
TAXABLE
INCOME.—Section 
1(g)(3) is amended to read as follows: 
‘‘(3) EARNED TAXABLE INCOME.—For purposes 
of this subsection, the term ‘earned taxable income’ 
means, with respect to any child for any taxable 
year, the taxable income of such child reduced (but 
not below zero) by the net unearned income of such 
child.’’. 
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(3) CONFORMING
AMENDMENT.—So much of 
paragraph (5) of section 1(g) as precedes subpara-
graph (A) thereof is amended to read as follows: 
‘‘(5) SPECIAL RULES FOR DETERMINING PAR-
ENT ELIGIBLE TO MAKE ELECTION.—For purposes 
of paragraph (7), the parent referred to in subpara-
graph (A)(iv) thereof is—’’. 
(h) APPLICATION OF INCOME TAX BRACKETS TO 
CAPITAL GAINS BRACKETS.—Section 1(h) is amended— 
(1) in paragraph (1)(B)(i), by striking ‘‘25 per-
cent’’ and inserting ‘‘22 percent’’, 
(2) in paragraph (1)(C)(ii)(I), by striking 
‘‘which would (without regard to this paragraph) be 
taxed at a rate below 39.6 percent’’ and inserting 
‘‘below the maximum 15-percent rate amount’’, and 
(3) by adding at the end the following new 
paragraphs: 
‘‘(12) MAXIMUM 15-PERCENT
RATE
AMOUNT 
DEFINED.—For purposes of this subsection, the 
maximum 15-percent rate amount shall be— 
‘‘(A) in the case of a joint return or sur-
viving spouse (as defined in section 2(a)), 
$479,000 (1⁄2 such amount in the case of a 
married individual filing a separate return), 
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‘‘(B) in the case of an individual who is 
the head of a household (as defined in section 
2(b)), $452,400, 
‘‘(C) in the case of any other individual 
(other than an estate or trust), $425,800, and 
‘‘(D) in the case of an estate or trust, 
$12,700. 
‘‘(13) DETERMINATION OF 0 PERCENT RATE 
BRACKET FOR ESTATES AND TRUSTS.—In the case 
of any estate or trust, paragraph (1)(B) shall be ap-
plied by treating the amount determined in clause (i) 
thereof as being equal to $2,600. 
‘‘(14) INFLATION ADJUSTMENT.— 
‘‘(A) IN
GENERAL.—In the case of any 
taxable year beginning after 2018, each of the 
dollar amounts in paragraphs (12) and (13) 
shall be increased by an amount equal to— 
‘‘(i) such dollar amount, multiplied by 
‘‘(ii) the cost-of-living adjustment de-
termined under subsection (f)(3) for the 
calendar year in which the taxable year be-
gins, determined by substituting ‘calendar 
year 2017’ for ‘calendar year 2016’ in sub-
paragraph (A)(ii) thereof. 
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‘‘(B) ROUNDING.—If any increase under 
subparagraph (A) is not a multiple of $50, such 
increase shall be rounded to the next lowest 
multiple of $50.’’. 
(i) APPLICATION OF SECTION 15.— 
(1) IN GENERAL.—Subsection (a) of section 15 
is amended by striking ‘‘If any rate of tax’’ and in-
serting ‘‘In the case of a corporation, if any rate of 
tax’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Section 15 is amended by striking sub-
sections (d), (e), and (f). 
(B) Section 6013(c) is amended by strik-
ing ‘‘sections 15, 443, and 7851(a)(1)(A)’’ and 
inserting ‘‘section 443’’. 
(C) The heading of section 15 is amended 
by inserting ‘‘ON CORPORATIONS’’ after ‘‘EF-
FECT OF CHANGES’’. 
(D) The table of sections for part III of 
subchapter A of chapter 1 is amended by strik-
ing the item relating to section 15 and inserting 
the following new item: 
‘‘Sec. 15. Effect of changes on corporations.’’. 
(j) CONFORMING AMENDMENTS.— 
(1) Section 1 is amended by striking sub-
sections (i) and (j). 
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(2) Section 3402(q)(1) is amended by striking 
‘‘third lowest’’ and inserting ‘‘fourth lowest’’. 
(k) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendments made by 
this section shall apply to taxable years beginning 
after December 31, 2017. 
(2) APPLICATION OF SECTION 15.—Section 15 
of the Internal Revenue Code of 1986 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 Act. 
Subtitle B—Deduction for Quali-
fied Business Income of Pass- 
thru Entities 
SEC. 111. DEDUCTION FOR QUALIFIED BUSINESS INCOME. 
(a) IN GENERAL.—Section 199A is amended by 
striking subsection (i). 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
SEC. 112. LIMITATION ON LOSSES FOR TAXPAYERS OTHER 
THAN CORPORATIONS. 
(a) IN GENERAL.—Section 461 is amended— 
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(1) by amending subsection (l)(1) to read as 
follows: 
‘‘(1) LIMITATION.—In the case of a taxpayer 
other than a corporation, any excess business loss of 
the taxpayer for the taxable year shall not be al-
lowed.’’, and 
(2) by striking subsection (j) and redesignating 
subsections (k) and (l) (as amended) as subsections 
(j) and (k), respectively. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 58(a)(2)(A) is amended by striking 
‘‘461(k)’’ and inserting ‘‘461(j)’’. 
(2) Section 461(i)(4) is amended by striking 
‘‘subsection (k)’’ and inserting ‘‘subsection (j)’’. 
(3) Section 464(d)(2)(B)(iii) is amended by 
striking ‘‘section 461(k)(2)(E)’’ and inserting ‘‘sec-
tion 461(j)(2)(E)’’. 
(4) Subparagraphs (B) and (C) of section 
1256(e)(3) are each amended by striking ‘‘section 
461(k)(4)’’ and inserting ‘‘section 461(j)(4)’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
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Subtitle C—Tax Benefits for 
Families and Individuals 
SEC. 121. INCREASE IN STANDARD DEDUCTION. 
(a) IN GENERAL.—Section 63(c)(2) is amended— 
(1) by striking ‘‘$4,400’’ in subparagraph (B) 
and inserting ‘‘$18,000’’, and 
(2) by striking ‘‘$3,000’’ in subparagraph (C) 
and inserting ‘‘$12,000’’. 
(b) INFLATION ADJUSTMENT.—Section 63(c)(4) is 
amended to read as follows: 
‘‘(4) ADJUSTMENTS FOR INFLATION.— 
‘‘(A) IN GENERAL.—In the case of a tax-
able year beginning after 2018, each dollar 
amount in paragraph (2)(B), (2)(C), or (5) or 
subsection (f) shall be increased by an amount 
equal to— 
‘‘(i) such dollar amount, multiplied by 
‘‘(ii) the cost-of-living adjustment de-
termined under section 1(f)(3) for the cal-
endar year in which the taxable year be-
gins, determined by substituting for ‘2016’ 
in subparagraph (A)(ii) thereof— 
‘‘(I) in the case of the dollar 
amounts 
contained 
in 
paragraph 
(2)(B) or (2)(C), ‘2017’, 
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‘‘(II) in the case of the dollar 
amounts 
contained 
in 
paragraph 
(5)(A) or subsection (f), ‘1987’, and 
‘‘(III) in the case of the dollar 
amount 
contained 
in 
paragraph 
(5)(B), ‘1997’. 
‘‘(B) ROUNDING.—If any increase under 
subparagraph (A) is not a multiple of $50, such 
increase shall be rounded to the next lowest 
multiple of $50.’’. 
(c) CONFORMING AMENDMENTS.— 
(1) Section 1(f)(7)(A) is amended by striking 
‘‘section 63(c)(4),’’. 
(2) Section 1(f)(7)(B) is amended by striking 
‘‘sections 63(c)(4) and’’ and inserting ‘‘section’’. 
(3) Section 63(c) is amended by striking para-
graph (7). 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
SEC. 122. INCREASE IN AND MODIFICATION OF CHILD TAX 
CREDIT. 
(a) IN GENERAL.—Section 24 is amended by striking 
subsections (a), (b), and (c) and inserting the following 
new subsections: 
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‘‘(a) ALLOWANCE OF CREDIT.—There shall be al-
lowed as a credit against the tax imposed by this chapter 
for the taxable year an amount equal to the sum of— 
‘‘(1) $2,000 for each qualifying child of the tax-
payer, and 
‘‘(2) $500 for each qualifying dependent (other 
than a qualifying child) of the taxpayer. 
‘‘(b) LIMITATION BASED ON ADJUSTED GROSS IN-
COME.—The amount of the credit allowable under sub-
section (a) shall be reduced (but not below zero) by $50 
for each $1,000 (or fraction thereof) by which the tax-
payer’s modified adjusted gross income exceeds $400,000 
in the case of a joint return ($200,000 in any other case). 
For purposes of the preceding sentence, the term ‘‘modi-
fied adjusted gross income’’ means adjusted gross income 
increased by any amount excluded from gross income 
under section 911, 931, or 933. 
‘‘(c) QUALIFYING CHILD; QUALIFYING DEPEND-
ENT.—For purposes of this section— 
‘‘(1) QUALIFYING CHILD.—The term ‘qualifying 
child’ means any qualifying dependent of the tax-
payer— 
‘‘(A) who is a qualifying child (as defined 
in section 7706(c)) of the taxpayer, 
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‘‘(B) who has not attained age 17 at the 
close of the calendar year in which the taxable 
year of the taxpayer begins, and 
‘‘(C) whose name and social security num-
ber are included on the taxpayer’s return of tax 
for the taxable year. 
‘‘(2) QUALIFYING
DEPENDENT.—The 
term 
‘qualifying dependent’ means any dependent of the 
taxpayer (as defined in section 7706 without regard 
to all that follows ‘resident of the United States’ in 
section 7706(b)(3)(A)) whose name and TIN are in-
cluded on the taxpayer’s return of tax for the tax-
able year. 
‘‘(3) SOCIAL
SECURITY
NUMBER
DEFINED.— 
For purposes of this subsection, the term ‘social se-
curity number’ means, with respect to a return of 
tax, a social security number issued to an individual 
by the Social Security Administration, but only if 
the social security number is issued— 
‘‘(A) to a citizen of the United States or 
pursuant to subclause (I) (or that portion of 
subclause (III) that relates to subclause (I)) of 
section 205(c)(2)(B)(i) of the Social Security 
Act, and 
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‘‘(B) on or before the due date of filing 
such return.’’. 
(b) PORTION OF CREDIT REFUNDABLE.— 
(1) IN
GENERAL.—Section 24(d)(1)(A) is 
amended to read as follows: 
‘‘(A) the credit which would be allowed 
under this section determined— 
‘‘(i) by substituting ‘$1,400’ for 
‘$2,000’ in subsection (a)(1), 
‘‘(ii) without regard to subsection 
(a)(2), and 
‘‘(iii) without regard to this subsection 
and the limitation under section 26(a), 
or’’. 
(2) MODIFICATION OF LIMITATION BASED ON 
EARNED INCOME.—Section 24(d)(1)(B)(i) is amend-
ed by striking ‘‘$3,000’’ and inserting ‘‘$2,500’’. 
(3) INFLATION ADJUSTMENT.—Section 24(d) is 
amended by inserting after paragraph (3) the fol-
lowing new paragraph: 
‘‘(4) ADJUSTMENT FOR INFLATION.— 
‘‘(A) IN GENERAL.—In the case of a tax-
able year beginning after 2018, the $1,400 
amount in paragraph (1)(A)(i) shall be in-
creased by an amount equal to— 
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‘‘(i) such dollar amount, multiplied by 
‘‘(ii) the cost-of-living adjustment de-
termined under section 1(f)(3) for the cal-
endar year in which the taxable year be-
gins, determined by substituting ‘2017’ for 
‘2016’ in subparagraph (A)(ii) thereof. 
‘‘(B) ROUNDING.—If any increase under 
subparagraph (A) is not a multiple of $100, 
such increase shall be rounded to the next low-
est multiple of $100. 
‘‘(C) LIMITATION.—The amount of any in-
crease under subparagraph (A) (after the appli-
cation of subparagraph (B)) shall not exceed 
$600.’’. 
(4) CONFORMING AMENDMENTS.— 
(A) Section 24(e) is amended to read as 
follows: 
‘‘(e) TAXPAYER IDENTIFICATION REQUIREMENT.— 
No credit shall be allowed under this section if the identi-
fying number of the taxpayer was issued after the due date 
for filing the return of tax for the taxable year.’’. 
(B) Section 24 is amended by striking sub-
section (h). 
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(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
SEC. 123. INCREASED LIMITATION FOR CERTAIN CHARI-
TABLE CONTRIBUTIONS. 
(a) IN GENERAL.—Section 170(b)(1)(G) is amended 
to read as follows: 
‘‘(G) CASH CONTRIBUTIONS.— 
‘‘(i) IN GENERAL.—Any contribution 
of cash to an organization described in 
subparagraph (A) shall be allowed to the 
extent that the aggregate of such contribu-
tions does not exceed 60 percent of the 
taxpayer’s contribution base for the taxable 
year, reduced by the aggregate amount of 
contributions allowable under subpara-
graph (A) for such taxpayer for such year. 
‘‘(ii) CARRYOVER.—If the aggregate 
amount of contributions described in clause 
(i) exceeds the limitation of clause (i), such 
excess shall be treated (in a manner con-
sistent with the rules of subsection (d)(1)) 
as a charitable contribution to which clause 
(i) applies in each of the 5 succeeding 
years in order of time.’’. 
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(b) COORDINATION WITH LIMITATIONS ON OTHER 
CONTRIBUTIONS.— 
(1) COORDINATION WITH 50 PERCENT LIMITA-
TION.—Section 170(b)(1)(A) is amended by striking 
‘‘Any charitable contribution’’ and inserting ‘‘Any 
charitable contribution other than a contribution de-
scribed in subparagraph (G)’’. 
(2) COORDINATION WITH 30 PERCENT LIMITA-
TION.—Section 170(b)(1)(B) is amended— 
(A) in the matter preceding clause (i), by 
striking ‘‘to which subparagraph (A) applies’’ 
and inserting ‘‘to which subparagraph (A) or 
(G) applies’’, 
(B) by amending clause (ii) to read as fol-
lows: 
‘‘(ii) the excess of— 
‘‘(I) the sum of 50 percent of the 
taxpayer’s contribution base for the 
taxable year, plus so much of the 
amount of charitable contributions al-
lowable under subparagraph (G) as 
does not exceed 10 percent of such 
contribution base, over 
‘‘(II) the amount of charitable 
contributions allowable under sub-
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paragraphs (A) and (G) (determined 
without 
regard 
to 
subparagraph 
(C)).’’, and 
(C) in the matter following clause (ii), by 
striking ‘‘(to which subparagraph (A) does not 
apply)’’ and inserting ‘‘(to which neither sub-
paragraph (A) nor (G) applies)’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to contributions made in taxable 
years beginning after December 31, 2017. 
SEC. 124. INCREASED CONTRIBUTIONS TO ABLE AC-
COUNTS. 
(a) INCREASE IN LIMITATION FOR CONTRIBUTIONS 
FROM COMPENSATION OF INDIVIDUALS WITH DISABIL-
ITIES.—Section 529A(b)(2)(B)(ii) is amended by striking 
‘‘before January 1, 2026’’. 
(b) ALLOWANCE OF SAVER’S CREDIT FOR ABLE 
CONTRIBUTIONS
BY
ACCOUNT
HOLDER.—Section 
25B(d)(1)(D) is amended by striking ‘‘made before Janu-
ary 1, 2026,’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
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SEC. 125. ROLLOVERS TO ABLE PROGRAMS FROM 529 PRO-
GRAMS. 
(a) IN GENERAL.—Section 529(c)(3)(C)(i)(III) is 
amended by striking ‘‘before January 1, 2026,’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to distributions after December 31, 
2017. 
SEC. 126. TREATMENT OF CERTAIN INDIVIDUALS PER-
FORMING SERVICES IN THE SINAI PENIN-
SULA OF EGYPT. 
(a) IN GENERAL.—Section 112(c)(2) is amended— 
(1) by striking ‘‘means any area’’ and inserting 
‘‘means— 
‘‘(A) any area’’, and 
(2) by striking the period at the end and insert-
ing ‘‘, and 
‘‘(B) the Sinai Peninsula of Egypt.’’. 
(b) PERIOD OF TREATMENT.—Section 112(c)(3) is 
amended— 
(1) by striking ‘‘only if performed’’ and insert-
ing ‘‘only if— 
‘‘(A) in the case of an area described in 
paragraph (2)(A), such service is performed’’, 
and 
(2) by striking the period at the end and insert-
ing ‘‘, and 
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‘‘(B) in the case of the area described in 
paragraph (2)(B), such service is performed 
during any period with respect to which one or 
more members of the Armed Forces of the 
United States are entitled to special pay under 
section 310 of title 37, United States Code (re-
lating to special pay; duty subject to hostile fire 
or imminent danger), for service performed in 
such area.’’. 
(c) CONFORMING AMENDMENT.—The Tax Cuts and 
Jobs Act is amended by striking section 11026. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply with respect to services performed 
on or after the date of the enactment of this Act. 
SEC. 127. EXTENSION OF REDUCTION IN THRESHOLD FOR 
MEDICAL EXPENSE DEDUCTION. 
(a) IN GENERAL.—Section 213(a) is amended by in-
serting ‘‘(7.5 percent in the case of any taxable year begin-
ning after December 31, 2018, and ending before January 
1, 2021)’’ after ‘‘10 percent’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 56(b)(1) is amended by striking 
subparagraph (B) and by redesignating subpara-
graphs (C) through (F) as subparagraphs (B) 
through (E), respectively. 
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(2) Section 213 is amended by striking sub-
section (f). 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2018. 
Subtitle D—Education 
SEC. 131. TREATMENT OF STUDENT LOANS DISCHARGED 
ON ACCOUNT OF DEATH OR DISABILITY. 
(a) IN GENERAL.—Section 108(f)(5) is amended by 
striking ‘‘after December 31, 2017, and before January 
1, 2026’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to discharges of indebtedness after 
December 31, 2017. 
Subtitle E—Deductions and 
Exclusions 
SEC. 141. REPEAL OF DEDUCTION FOR PERSONAL EXEMP-
TIONS. 
(a) IN GENERAL.—Part V of subchapter B of chapter 
1 is hereby repealed. 
(b) DEFINITION OF DEPENDENT RETAINED.—Sec-
tion 152, prior to the repeal made by subsection (a), is 
hereby redesignated as section 7706 and moved to the end 
of chapter 79. 
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individual is not treated as a dependent of such 
taxpayer for such taxable year by reason of sec-
tion 7706(b)(2) (determined without regard to 
section 7706(e))’’, and 
(C) in subparagraph (C), by striking ‘‘sec-
tion 152(c)(1)(B)’’ and inserting ‘‘section 
7706(c)(1)(B)’’. 
(20) Section 35(d)(1)(B) is amended by strik-
ing ‘‘with respect to whom the taxpayer is entitled 
to a deduction under section 151(c)’’ and inserting 
‘‘if the taxpayer included such person’s TIN on the 
return of tax for the taxable year’’. 
(21) Section 35(d)(2) is amended— 
(A) by striking ‘‘section 152(e)’’ and in-
serting ‘‘section 7706(e)’’, and 
(B) by striking ‘‘section 152(e)(4)(A)’’ and 
inserting ‘‘section 7706(e)(4)(A)’’. 
(22) Section 36B(b)(2)(A) is amended by strik-
ing ‘‘section 152’’ and inserting ‘‘section 7706’’. 
(23) Section 36B(b)(3)(B) is amended by strik-
ing ‘‘unless a deduction is allowed under section 151 
for the taxable year with respect to a dependent’’ in 
the flush matter at the end and inserting ‘‘unless 
the taxpayer has a dependent for the taxable year 
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