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 
‘‘(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 
(other than this subparagraph) 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’’. 
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(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.—The $1,400 amount in 
paragraph (1)(A)(i) 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 ‘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: 
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‘‘(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). 
(c) REPEAL OF CERTAIN LATER ENACTED PROVI-
SIONS.— 
(1) Section 24 is amended by striking sub-
sections (i), (j), and (k). 
(2) Chapter 77 is amended by striking section 
7527A (and by striking the item relating to section 
7527A in the table of sections for such chapter). 
(3) Section 26(b)(2) is amended by inserting 
‘‘and’’ at the end of subparagraph (X), by striking 
‘‘, and’’ at the end of subparagraph (Y) and insert-
ing a period, and by striking subparagraph (Z). 
(4) Section 3402(f)(1)(C) is amended by strik-
ing ‘‘section 24 (determined after application of sub-
section (j) thereof)’’ and inserting ‘‘section 24(a)’’. 
(5) Section 6211(b)(4)(A) is amended— 
(A) by striking ‘‘24 by reason of sub-
sections (d) and (i)(1) thereof’’ and inserting 
‘‘24(d)’’, and 
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(B) by striking ‘‘6428B, and 7527A’’ and 
inserting ‘‘and 6428B’’. 
(6) Paragraph (2) of section 1324(b) of title 
31, United States Code, is amended by striking 
‘‘6431, or 7527A’’ and inserting ‘‘or 6431’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
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 
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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.’’. 
(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-
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lowable under subparagraph (G) as 
does not exceed 10 percent of such 
contribution base, over 
‘‘(II) the amount of charitable 
contributions allowable under sub-
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 the date of the enactment of this 
Act. 
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 
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(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 
‘‘(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. 
Subtitle D—Education 
SEC. 131. TREATMENT OF STUDENT LOAN DISCHARGES. 
(a) SUNSET OF SPECIAL RULE FOR DISCHARGES OF 
CERTAIN LOANS.—Section 108(f)(5) is amended— 
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(1) in the heading, by striking ‘‘2025’’ and in-
serting ‘‘2024’’, and 
(2) by striking ‘‘January 1, 2026’’ and insert-
ing ‘‘January 1, 2025’’. 
(b) REINSTATEMENT OF RULE FOR DISCHARGES ON 
ACCOUNT OF DEATH OR DISABILITY AFTER 2024.—Sec-
tion 108(f) is amended by adding at the end the following 
new paragraph: 
‘‘(6) DISCHARGES ON ACCOUNT OF DEATH OR 
DISABILITY AFTER 2024.— 
‘‘(A) IN GENERAL.—In the case of an indi-
vidual, gross income does not include any 
amount which (but for this subsection) would 
be includible in gross income for such taxable 
year by reasons of the discharge (in whole or in 
part) of any loan described in subparagraph 
(B) after December 31, 2024, if such discharge 
was— 
‘‘(i) pursuant to subsection (a) or (d) 
of section 437 of the Higher Education 
Act of 1965 or the parallel benefit under 
part D of title IV of such Act (relating to 
the repayment of loan liability), 
‘‘(ii) pursuant to section 464(c)(1)(F) 
of such Act, or 
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‘‘(iii) otherwise discharged on account 
of the death or total and permanent dis-
ability of the student. 
‘‘(B) LOANS DESCRIBED.—A loan is de-
scribed in this subparagraph if such loan is— 
‘‘(i) a student loan (as defined in 
paragraph (2)), or 
‘‘(ii) a private education loan (as de-
fined in section 140(7) of the Consumer 
Credit 
Protection 
Act 
(15 
U.S.C. 
1650(7))).’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to discharges of indebtedness after 
December 31, 2024. 
SEC. 132. 529 ACCOUNT FUNDING FOR HOMESCHOOL AND 
ADDITIONAL ELEMENTARY AND SECONDARY 
EXPENSES. 
(a) IN GENERAL.—Section 529(c)(7) of the Internal 
Revenue Code of 1986 is amended to read as follows: 
‘‘(7) TREATMENT OF ELEMENTARY AND SEC-
ONDARY TUITION.—Any reference in this section to 
the term ‘qualified higher education expense’ shall 
include a reference to the following expenses in con-
nection with enrollment or attendance at, or for stu-
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dents enrolled at or attending, an elementary or sec-
ondary public, private, or religious school: 
‘‘(A) Tuition. 
‘‘(B) Curriculum and curricular materials. 
‘‘(C) Books or other instructional mate-
rials. 
‘‘(D) Online educational materials. 
‘‘(E) Tuition for tutoring or educational 
classes outside of the home, including at a tu-
toring facility, but only if the tutor or instruc-
tor is not related to the student and— 
‘‘(i) is licensed as a teacher in any 
State, 
‘‘(ii) has taught at an eligible edu-
cational institution, or 
‘‘(iii) is a subject matter expert in the 
relevant subject. 
‘‘(F) Fees for a nationally standardized 
norm-referenced achievement test, an advanced 
placement examination, or any examinations re-
lated to college or university admission. 
‘‘(G) Fees for dual enrollment in an insti-
tution of higher education. 
‘‘(H) Educational therapies for students 
with disabilities provided by a licensed or ac-
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credited practitioner or provider, including oc-
cupational, behavioral, physical, and speech-lan-
guage therapies. 
Such term shall include expenses for the purposes 
described in subparagraphs (A) through (H) in con-
nection with a homeschool (whether treated as a 
homeschool or a private school for purposes of appli-
cable State law).’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to distributions made after the 
date of the enactment of this Act. 
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. 
(c) APPLICATION TO TRUSTS AND ESTATES.—Sec-
tion 642(b) is amended— 
(1) in paragraph (2)(C)— 
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(A) in clause (i), by striking ‘‘the exemp-
tion amount under section 151(d)’’ and all that 
follows through the period at the end and in-
serting ‘‘the dollar amount in effect under sec-
tion 7706(d)(1)(B).’’, and 
(B) by striking clause (iii), 
(2) by striking paragraph (3), and 
(3) by striking ‘‘DEDUCTION FOR PERSONAL 
EXEMPTION’’ in the heading thereof and inserting 
‘‘BASIC DEDUCTION’’. 
(d) APPLICATION TO NONRESIDENT ALIENS.—Sec-
tion 873(b) is amended by striking paragraph (3). 
(e) MODIFICATION OF RETURN REQUIREMENT.— 
(1) 
IN
GENERAL.—Section 
6012(a)(1) 
is 
amended to read as follows: 
‘‘(1) Every individual who has gross income for 
the taxable year, except that a return shall not be 
required of— 
‘‘(A) an individual who is not married (de-
termined by applying section 7703) and who 
has gross income for the taxable year which 
does not exceed the standard deduction applica-
ble to such individual for such taxable year 
under section 63, or 
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(f) CONFORMING AMENDMENTS.— 
(1) Section 1(g)(5)(A) is amended by striking 
‘‘section 152(e)’’ and inserting ‘‘section 7706(e)’’. 
(2) Section 2(a)(1)(B) is amended— 
(A) by striking ‘‘section 152’’ and insert-
ing ‘‘section 7706’’, and 
(B) by striking ‘‘with respect to whom the 
taxpayer is entitled to a deduction for the tax-
able year under section 151’’ and inserting 
‘‘whose TIN is included on the taxpayer’s re-
turn of tax for the taxable year’’. 
(3) Section 2(b)(1)(A)(i) is amended— 
(A) in the matter preceding subclause 
(I)— 
(i) by striking ‘‘section 152(c)’’ and 
inserting ‘‘section 7706(c)’’, and 
(ii) by striking ‘‘section 152(e)’’ and 
inserting ‘‘section 7706(e)’’, and 
(B) in subclause (II), by striking ‘‘section 
152(b)(2) or 152(b)(3)’’ and inserting ‘‘section 
7706(b)(2) or 7706(b)(3)’’. 
(4) Section 2(b)(1)(A)(ii) is amended by strik-
ing ‘‘if the taxpayer is entitled to a deduction for the 
taxable year for such person under section 151’’ and 
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inserting ‘‘if the taxpayer included such person’s 
TIN on the return of tax for the taxable year’’. 
(5) Section 2(b)(1)(B) is amended by striking 
‘‘if the taxpayer is entitled to a deduction for the 
taxable year for such father or mother under section 
151’’ and inserting ‘‘if such father or mother is a 
dependent of the taxpayer and the taxpayer included 
such father or mother’s TIN on the return of tax for 
the taxable year’’. 
(6) Section 2(b)(3)(B) is amended— 
(A) by striking ‘‘section 152(d)(2)’’ in 
clause (i) and inserting ‘‘section 7706(d)(2)’’, 
and 
(B) by striking ‘‘section 152(d)’’ in clause 
(ii) and inserting ‘‘section 7706(d)’’. 
(7) Section 21(b)(1)(A) is amended by striking 
‘‘section 
152(a)(1)’’ 
and 
inserting 
‘‘section 
7706(a)(1)’’. 
(8) Section 21(b)(1)(B) is amended by striking 
‘‘section 152’’ and inserting ‘‘section 7706’’. 
(9) Section 21(e)(5)(A) is amended by striking 
‘‘section 152(e)’’ and inserting ‘‘section 7706(e)’’. 
(10) Section 21(e)(5) is amended by striking 
‘‘section 152(e)(4)(A)’’ in the matter following sub-
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paragraph 
(B) 
and 
inserting 
‘‘section 
7706(e)(4)(A)’’. 
(11) Section 21(e)(6)(A) is amended to read as 
follows: 
‘‘(A) who is a dependent of either the tax-
payer or the taxpayer’s spouse for the taxable 
year, or’’. 
(12) Section 21(e)(6)(B) is amended by striking 
‘‘section 
152(f)(1)’’ 
and 
inserting 
‘‘section 
7706(f)(1)’’. 
(13) Section 25A(f)(1)(A)(iii) is amended by 
striking ‘‘with respect to whom the taxpayer is al-
lowed a deduction under section 151’’. 
(14) Section 25A(g)(3) is amended by striking 
‘‘If a deduction under section 151 with respect to an 
individual is allowed to another taxpayer’’ and in-
serting ‘‘If an individual is a dependent of another 
taxpayer’’. 
(15) Section 25B(c)(2)(A) is amended by strik-
ing ‘‘any individual with respect to whom a deduc-
tion under section 151 is allowed to another tax-
payer’’ and inserting ‘‘any individual who is a de-
pendent of another taxpayer’’. 
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(16) Section 25B(c)(2)(B) is amended by strik-
ing ‘‘section 152(f)(2)’’ and inserting ‘‘section 
7706(f)(2)’’. 
(17) Section 32(c)(1)(A)(ii)(III) is amended by 
striking ‘‘a dependent for whom a deduction is al-
lowable under section 151 to another taxpayer’’ and 
inserting ‘‘a dependent of another taxpayer’’. 
(18) Section 32(c)(3) is amended— 
(A) in subparagraph (A)— 
(i) by striking ‘‘section 152(c)’’ and 
inserting ‘‘section 7706(c)’’, and 
(ii) by striking ‘‘section 152(e)’’ and 
inserting ‘‘section 7706(e)’’, 
(B) in subparagraph (B), by striking ‘‘un-
less the taxpayer is entitled to a deduction 
under section 151 for such taxable year with re-
spect to such individual (or would be so entitled 
but for section 152(e)’’ and inserting ‘‘if such 
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)’’. 
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(19) 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’’. 
(20) 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)’’. 
(21) Section 36B(b)(2)(A) is amended by strik-
ing ‘‘section 152’’ and inserting ‘‘section 7706’’. 
(22) Section 36B(b)(3)(B) is amended— 
(A) in clause (ii)(I)(aa), by striking ‘‘who 
is not allowed a deduction under section 151 for 
the taxable year with respect to a dependent’’ 
and inserting ‘‘who does not have any depend-
ents for the taxable year’’, and 
(B) in the flush matter at the end, by 
striking ‘‘unless a deduction is allowed under 
section 151 for the taxable year with respect to 
a dependent’’ and inserting ‘‘unless the tax-
payer has a dependent for the taxable year (and 
the taxpayer included such dependent’s TIN on 
the return of tax for the taxable year)’’. 
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(A) by striking ‘‘with respect to whom a 
deduction under section 151 is allowable to’’ 
and inserting ‘‘who is a dependent of’’, and 
(B) by striking ‘‘CERTAIN’’ in the heading 
thereof. 
(33) Section 63(f) is amended by striking all 
that precedes paragraph (3) and inserting the fol-
lowing: 
‘‘(f) ADDITIONAL STANDARD DEDUCTION FOR THE 
AGED AND BLIND.— 
‘‘(1) IN GENERAL.—For purposes of subsection 
(c)(1), the additional standard deduction is, with re-
spect to a taxpayer for a taxable year, the sum of— 
‘‘(A) $600 if the taxpayer has attained age 
65 before the close of such taxable year, and 
‘‘(B) $600 if the taxpayer is blind as of 
the close of such taxable year. 
‘‘(2) 
APPLICATION
TO
MARRIED
INDIVID-
UALS.— 
‘‘(A) JOINT RETURNS.—In the case of a 
joint return, paragraph (1) shall be applied sep-
arately with respect to each spouse. 
‘‘(B) CERTAIN MARRIED INDIVIDUALS FIL-
ING SEPARATELY.—In the case of a married in-
dividual filing a separate return, if— 
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‘‘(i) the spouse of such individual has 
no gross income for the calendar year in 
which the taxable year of such individual 
begins, 
‘‘(ii) such spouse is not the dependent 
of another taxpayer for a taxable year be-
ginning in the calendar year in which such 
individual’s taxable year begins, and 
‘‘(iii) the TIN of such spouse is in-
cluded on such individual’s return of tax 
for the taxable year, 
the additional standard deduction shall be de-
termined in the same manner as if such indi-
vidual and such individual’s spouse filed a joint 
return.’’. 
(34) Section 63(f)(3) is amended by striking 
‘‘paragraphs (1) and (2)’’ and inserting ‘‘subpara-
graphs (A) and (B) of paragraph (1)’’. 
(35) Section 72(t)(2)(D)(i)(III) is amended by 
striking ‘‘section 152’’ and inserting ‘‘section 7706’’. 
(36) Section 72(t)(7)(A)(iii) is amended by 
striking ‘‘section 152(f)(1)’’ and inserting ‘‘section 
7706(f)(1)’’. 
(37) Section 105(b) is amended— 
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(A) by striking ‘‘as defined in section 152’’ 
and inserting ‘‘as defined in section 7706’’, 
(B) by striking ‘‘section 152(f)(1)’’ and in-
serting ‘‘section 7706(f)(1)’’, and 
(C) by striking ‘‘section 152(e)’’ and in-
serting ‘‘section 7706(e)’’. 
(38) Section 105(c)(1) is amended by striking 
‘‘section 152’’ and inserting ‘‘section 7706’’. 
(39) Section 125(e)(1)(D) is amended by strik-
ing ‘‘section 152’’ and inserting ‘‘section 7706’’. 
(40) Section 129(c)(1) is amended to read as 
follows: 
‘‘(1) who is a dependent of such employee or of 
such employee’s spouse, or’’. 
(41) Section 129(c)(2) is amended by striking 
‘‘section 
152(f)(1)’’ 
and 
inserting 
‘‘section 
7706(f)(1)’’. 
(42) Section 132(h)(2)(B) is amended— 
(A) by striking ‘‘section 152(f)(1)’’ and in-
serting ‘‘section 7706(f)(1)’’, and 
(B) by striking ‘‘section 152(e)’’ and in-
serting ‘‘section 7706(e)’’. 
(43) Section 139D(c)(5) is amended by striking 
‘‘section 152’’ and inserting ‘‘section 7706’’. 
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(44) Section 139E(c)(2) is amended by striking 
‘‘section 152’’ and inserting ‘‘section 7706’’. 
(45) Section 162(l)(1)(D) is amended by strik-
ing ‘‘section 152(f)(1)’’ and inserting ‘‘section 
7706(f)(1)’’. 
(46) Section 170(g)(1) is amended by striking 
‘‘section 152’’ and inserting ‘‘section 7706’’. 
(47) Section 170(g)(3) is amended by striking 
‘‘section 
152(d)(2)’’ 
and 
inserting 
‘‘section 
7706(d)(2)’’. 
(48) Section 172(d) is amended by striking 
paragraph (3). 
(49) Section 213(a) is amended by striking 
‘‘section 152’’ and inserting ‘‘section 7706’’. 
(50) Section 213(d)(5) is amended by striking 
‘‘section 152(e)’’ and inserting ‘‘section 7706(e)’’. 
(51) Section 213(d)(11) is amended by striking 
‘‘section 152(d)(2)’’ in the matter following subpara-
graph (B) and inserting ‘‘section 7706(d)(2)’’. 
(52) Section 220(b)(6) is amended by striking 
‘‘with respect to whom a deduction under section 
151 is allowable to’’ and inserting ‘‘who is a depend-
ent of’’. 
(53) Section 220(d)(2)(A) is amended by strik-
ing ‘‘section 152’’ and inserting ‘‘section 7706’’. 
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(54) Section 221(d)(4) is amended by striking 
‘‘section 152’’ and inserting ‘‘section 7706’’. 
(55) Section 223(b)(6) is amended by striking 
‘‘with respect to whom a deduction under section 
151 is allowable to’’ and inserting ‘‘who is a depend-
ent of’’. 
(56) Section 223(d)(2)(A) is amended by strik-
ing ‘‘section 152’’ and inserting ‘‘section 7706’’. 
(57) Section 401(h) is amended by striking 
‘‘section 152(f)(1)’’ in the last sentence and insert-
ing ‘‘section 7706(f)(1)’’. 
(58) Section 402(l)(4)(D) is amended by strik-
ing ‘‘section 152’’ and inserting ‘‘section 7706’’. 
(59) Section 409A(a)(2)(B)(ii)(I) is amended 
by striking ‘‘section 152(a)’’ and inserting ‘‘section 
7706(a)’’. 
(60) Section 441(f)(2)(B)(iii) is amended by 
striking ‘‘, but only the adjusted amount of the de-
ductions for personal exemptions as described in sec-
tion 443(c)’’. 
(61) Section 443 is amended— 
(A) in subsection (b)— 
(i) by striking paragraph (3), and 
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(ii) by striking ‘‘modified taxable in-
come’’ and inserting ‘‘taxable income’’ each 
place such term appears, 
(B) by striking subsection (c), and 
(C) by redesignating subsections (d) and 
(e) as subsections (c) and (d), respectively. 
(62) Section 501(c)(9) is amended by striking 
‘‘section 
152(f)(1)’’ 
and 
inserting 
‘‘section 
7706(f)(1)’’. 
(63) Section 529(e)(2)(B) is amended by strik-
ing ‘‘section 152(d)(2)’’ and inserting ‘‘section 
7706(d)(2)’’. 
(64) Section 529A(e)(4) is amended— 
(A) by striking ‘‘section 152(d)(2)(B)’’ and 
inserting ‘‘section 7706(d)(2)(B)’’, and 
(B) by striking ‘‘section 152(f)(1)(B)’’ and 
inserting ‘‘section 7706(f)(1)(B)’’. 
(65) Section 643(a)(2) is amended— 
(A) by striking ‘‘(relating to deduction for 
personal exemptions)’’ and inserting ‘‘(relating 
to basic deduction)’’, and 
(B) by striking ‘‘DEDUCTION
FOR
PER-
SONAL EXEMPTION’’ in the heading thereof and 
inserting ‘‘BASIC DEDUCTION’’. 
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(66) Section 703(a)(2) is amended by striking 
subparagraph (A) and by redesignating subpara-
graphs (B) through (F) as subparagraphs (A) 
through (E), respectively. 
(67) Section 874 is amended by striking sub-
section (b) and by redesignating subsection (c) as 
subsection (b). 
(68) Section 891 is amended by striking ‘‘under 
section 151 and’’. 
(69) Section 904(b)(1) is amended to read as 
follows: 
‘‘(1) DEDUCTION FOR ESTATES AND TRUSTS.— 
For purposes of subsection (a), the taxable income 
of an estate or trust shall be computed without any 
deduction under section 642(b).’’. 
(70) Section 931(b)(1) is amended to read as 
follows: 
‘‘(1) any deduction from gross income, or’’. 
(71) Section 933 is amended— 
(A) by striking ‘‘as a deduction from his 
gross income any deductions (other than the de-
duction under section 151, relating to personal 
exemptions)’’ in paragraph (1) and inserting 
‘‘any deduction from gross income’’, and 
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(b)(1)(B) of section 2 or section 21, 35(d)(1)(B), 
36B(b)(3)(B), or 63(f)(2)(B)’’. 
(88) Section 6334(d) is amended— 
(A) by amending paragraph (2) to read as 
follows: 
‘‘(2) EXEMPT AMOUNT.— 
‘‘(A) IN GENERAL.—For purposes of para-
graph (1), the term ‘exempt amount’ means an 
amount equal to— 
‘‘(i) the sum of the amount deter-
mined under subparagraph (B) and the 
standard deduction, divided by 
‘‘(ii) 52. 
‘‘(B) AMOUNT
DETERMINED.—For pur-
poses of subparagraph (A), the amount deter-
mined under this subparagraph is— 
‘‘(i) the dollar amount in effect under 
section 7706(d)(1)(B), multiplied by 
‘‘(ii) the number of the taxpayer’s de-
pendents for the taxable year in which the 
levy occurs. 
‘‘(C) VERIFIED STATEMENT.—Unless the 
taxpayer submits to the Secretary a written and 
properly verified statement specifying the facts 
necessary to determine the proper amount 
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under subparagraph (A), subparagraph (A) 
shall be applied as if the taxpayer were a mar-
ried individual filing a separate return with no 
dependents.’’, and 
(B) by striking paragraph (4). 
(89) Section 7702B(f)(2)(C)(iii) is amended by 
striking ‘‘section 152(d)(2)’’ and inserting ‘‘section 
7706(d)(2)’’. 
(90) Section 7703(a) is amended by striking 
‘‘part V of subchapter B of chapter 1 and’’. 
(91) Section 7703(b)(1) is amended by striking 
‘‘section 152(f)(1))’’ and all that follows and insert-
ing ‘‘section 7706(f)(1)) who is a dependent of such 
individual for the taxable year (or would be but for 
section 7706(e)),’’. 
(92) Section 7706(a), as redesignated by this 
section, is amended by striking ‘‘this subtitle’’ and 
inserting ‘‘this title’’. 
(93)(A) Section 7706(d)(1)(B), as redesignated 
by this section, is amended by striking ‘‘the exemp-
tion amount (as defined in section 151(d))’’ and in-
serting ‘‘$4,150’’. 
(B) Section 7706(d), as redesignated by this 
section, is amended by adding at the end the fol-
lowing new paragraph: 
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‘‘(6) INFLATION
ADJUSTMENT.—The $4,150 
amount in paragraph (1)(B) shall be increased by an 
amount equal to— 
‘‘(A) such dollar amount, multiplied by 
‘‘(B) the cost-of-living adjustment deter-
mined under section 1(f)(3) for the calendar 
year in which such taxable year begins, deter-
mined by substituting ‘calendar year 2017’ for 
‘calendar year 2016’ in subparagraph (A)(ii) 
thereof. 
If any increase determined under the preceding sen-
tence is not a multiple of $50, such increase shall 
be rounded to the next lowest multiple of $50.’’. 
(94) Section 7706(e)(3), as redesignated by this 
section, is amended by inserting ‘‘(as in effect before 
its repeal)’’ after ‘‘section 151’’. 
(95) Section 7706(f)(6)(B), as redesignated by 
this section, is amended by striking clause (i) and 
designating clauses (ii), (iii), and (iv) as clauses (i), 
(ii), and (iii), respectively. 
(96) The table of parts for subchapter B of 
chapter 1 is amended by striking the item relating 
to part V. 
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(97) The table of sections for chapter 79 is 
amended by adding at the end the following new 
item: 
‘‘Sec. 7706. Dependent defined.’’. 
(g) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 142. LIMITATION ON DEDUCTION FOR STATE AND 
LOCAL, ETC., TAXES. 
(a) IN GENERAL.—Section 164(b)(6) is amended by 
striking all that precedes ‘‘The preceding sentence’’ and 
inserting the following: 
‘‘(6) LIMITATION
ON
INDIVIDUAL
DEDUC-
TIONS.—In the case of an individual— 
‘‘(A) no deduction shall be allowed under 
this chapter for foreign real property taxes paid 
or accrued during the taxable year, and 
‘‘(B) the aggregate amount of the deduc-
tion allowed under this chapter for taxes de-
scribed in paragraphs (1), (2), and (3) of sub-
section (a) and paragraph (5) of this subsection 
(and any tax described in any such paragraph 
taken into account under section 216(a)(1)) 
paid or accrued by the taxpayer during the tax-
able year shall not exceed $10,000 ($5,000 in 
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the case of a married individual filing a sepa-
rate return).’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 143. LIMITATION ON DEDUCTION FOR QUALIFIED RES-
IDENCE INTEREST. 
(a) INTEREST ON HOME EQUITY INDEBTEDNESS.— 
Section 163(h)(3)(A) is amended by striking ‘‘during the 
taxable year on’’ and all that follows through ‘‘residence 
of the taxpayer.’’ and inserting ‘‘during the taxable year 
on acquisition indebtedness with respect to any qualified 
residence of the taxpayer.’’. 
(b) LIMITATION ON ACQUISITION INDEBTEDNESS.— 
Section 163(h)(3)(B)(ii) is amended to read as follows: 
‘‘(ii) 
LIMITATION.—The 
aggregate 
amount treated as acquisition indebtedness 
for any period shall not exceed the excess 
(if any) of— 
‘‘(I) $750,000 ($375,000, in the 
case of a married individual filing a 
separate return), over 
‘‘(II) the sum of the aggregate 
outstanding pre-October 13, 1987, in-
debtedness (as defined in subpara-
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graph (D)) plus the aggregate out-
standing pre-December 15, 2017, in-
debtedness (as defined in subpara-
graph (C)).’’. 
(c) TREATMENT OF INDEBTEDNESS INCURRED ON 
OR BEFORE DECEMBER 15, 2017.—Section 163(h)(3)(C) 
is amended to read as follows: 
‘‘(C) TREATMENT OF INDEBTEDNESS IN-
CURRED ON OR BEFORE DECEMBER 15, 2017.— 
‘‘(i) IN GENERAL.—In the case of any 
pre-December 15, 2017, indebtedness, sub-
paragraph (B)(ii) shall not apply and the 
aggregate amount of such indebtedness 
treated as acquisition indebtedness for any 
period shall not exceed the excess (if any) 
of— 
‘‘(I) $1,000,000 ($500,000, in 
the case of a married individual filing 
a separate return), over 
‘‘(II) the aggregate outstanding 
pre-October 13, 1987, indebtedness 
(as defined in subparagraph (D)). 
‘‘(ii) PRE-DECEMBER
15, 2017, IN-
DEBTEDNESS.—For purposes of this sub-
paragraph— 
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‘‘(I) IN
GENERAL.—The term 
‘pre-December 15, 2017, indebted-
ness’ means indebtedness (other than 
pre-October 13, 1987, indebtedness) 
incurred on or before December 15, 
2017. 
‘‘(II) BINDING
WRITTEN
CON-
TRACT EXCEPTION.—In the case of a 
taxpayer who enters into a written 
binding contract before December 15, 
2017, to close on the purchase of a 
principal residence before January 1, 
2018, and who purchases such resi-
dence before April 1, 2018, the term 
‘pre-December 15, 2017, indebted-
ness’ shall include indebtedness se-
cured by such residence. 
‘‘(iii) 
REFINANCING
INDEBTED-
NESS.— 
‘‘(I) IN GENERAL.—In the case 
of any indebtedness which is incurred 
to refinance indebtedness, such refi-
nanced indebtedness shall be treated 
for purposes of this subparagraph as 
incurred on the date that the original 
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indebtedness was incurred to the ex-
tent the amount of the indebtedness 
resulting from such refinancing does 
not exceed the amount of the refi-
nanced indebtedness. 
‘‘(II) LIMITATION ON PERIOD OF 
REFINANCING.—Subclause (I) shall 
not apply to any indebtedness after 
the expiration of the term of the origi-
nal indebtedness or, if the principal of 
such original indebtedness is not am-
ortized over its term, the expiration of 
the term of the 1st refinancing of 
such indebtedness (or if earlier, the 
date which is 30 years after the date 
of such 1st refinancing).’’. 
(d) COORDINATION WITH TREATMENT OF INDEBT-
EDNESS INCURRED ON OR BEFORE OCTOBER 13, 1987.— 
Section 163(h)(3)(D) is amended— 
(1) by striking clause (ii) and redesignating 
clauses (iii) and (iv) as clauses (ii) and (iii), respec-
tively, and 
(2) in clause (iii) (as so redesignated)— 
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(A) by striking ‘‘clause (iii)’’ in the matter 
preceding subclause (I) and inserting ‘‘clause 
(ii)’’, and 
(B) by striking ‘‘clause (iii)(I)’’ in sub-
clauses (I) and (II) and inserting ‘‘clause 
(ii)(I)’’. 
(e) COORDINATION WITH EXCLUSION OF INCOME 
FROM
DISCHARGE
OF
INDEBTEDNESS.—Section 
108(h)(2) is amended by striking ‘‘applied by substituting 
‘$750,000 ($375,000’ for ‘$1,000,000 ($500,000’ in 
clause (ii) thereof and’’. 
(f) CONFORMING AMENDMENT.—Section 163(h)(3) 
is amended by striking subparagraph (F). 
(g) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 144. MODIFICATION OF DEDUCTION FOR PERSONAL 
CASUALTY LOSSES. 
(a) IN GENERAL.—Section 165(h)(5)(A) is amended 
by striking ‘‘in a taxable year beginning after December 
31, 2017, and before January 1, 2026,’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 165(h)(5)(B) is amended by strik-
ing ‘‘for any taxable year to which subparagraph (A) 
applies’’. 
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(2) Section 165(h)(5) is amended by striking 
‘‘FOR TAXABLE YEARS 2018 THROUGH 2025’’ in the 
heading thereof and inserting ‘‘TO LOSSES ATTRIB-
UTABLE TO FEDERALLY DECLARED DISASTERS’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to losses sustained in taxable years 
beginning after the date of the enactment of this Act. 
SEC. 145. TERMINATION OF MISCELLANEOUS ITEMIZED DE-
DUCTIONS. 
(a) IN GENERAL.—Section 67 is amended— 
(1) by amending subsection (a) to read as fol-
lows: 
‘‘(a) IN GENERAL.—In the case of an individual, mis-
cellaneous itemized deductions shall not be allowed.’’, and 
(2) by striking subsection (g). 
(b) MOVEMENT
OF
DEFINITION
OF
ADJUSTED 
GROSS INCOME FOR ESTATES AND TRUSTS.— 
(1) Section 67 is amended by striking sub-
section (e). 
(2) Section 641 is amended by adding at the 
end the following new subsection: 
‘‘(d) COMPUTATION OF ADJUSTED GROSS INCOME.— 
For purposes of this title, the adjusted gross income of 
an estate or trust shall be computed in the same manner 
as in the case of an individual, except that— 
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‘‘(1) the deductions for costs which are paid or 
incurred in connection with the administration of the 
estate or trust and which would not have been in-
curred if the property were not held in such trust or 
estate, and 
‘‘(2) the deductions allowable under sections 
642(b), 651, and 661, 
shall be treated as allowable in arriving at adjusted gross 
income.’’. 
(c) CONFORMING AMENDMENTS.— 
(1) Section 56(b)(1)(A) is amended to read as 
follows: 
‘‘(A) 
CERTAIN
TAXES.—No 
deduction 
(other than a deduction allowable in computing 
adjusted gross income) shall be allowed for any 
taxes described in paragraph (1), (2), or (3) of 
section 164(a) or clause (ii) of section 
164(b)(5)(A).’’. 
(2) Section 56(b)(1)(C), as amended by the 
preceding provisions of this Act, is amended by 
striking ‘‘subparagraph (A)(ii)’’ and inserting ‘‘sub-
paragraph (A)’’. 
(3) Section 62(a) is amended by striking ‘‘sub-
title’’ in the matter preceding paragraph (1) and in-
serting ‘‘title’’. 
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(4) Section 641(c)(2)(E) is amended to read as 
follows: 
‘‘(E) Section 642(c) shall not apply.’’. 
(5) Section 1411(a)(2) is amended by striking 
‘‘(as defined in section 67(e))’’. 
(6) Section 6654(d)(1)(C) is amended by strik-
ing clause (iii). 
(7) Section 67 is amended in the heading, by 
striking ‘‘2-PERCENT FLOOR ON’’ and inserting 
‘‘DENIAL OF’’. 
(8) The table of sections for part 1 of sub-
chapter B of chapter 1 is amended by striking the 
item relating to section 67 and inserting the fol-
lowing new item: 
‘‘Sec. 67. Denial of miscellaneous itemized deductions.’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 146. REPEAL OF OVERALL LIMITATION ON ITEMIZED 
DEDUCTIONS. 
(a) IN GENERAL.—Part 1 of subchapter B of chapter 
1 is amended by striking section 68 (and the item relating 
to such section in the table of sections for such part). 
(b) CONFORMING AMENDMENTS.— 
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ginning in calendar years after the date of 
the enactment of this clause, each of the 
dollar amounts in this clause shall be in-
creased by an amount equal to such dollar 
amount, multiplied by the cost-of-living ad-
justment determined under section 1(f)(3) 
for the calendar year in which the taxable 
year begins, determined by substituting 
‘2012’ for ‘2016’ in subparagraph (A)(ii) 
thereof. If any amount after adjustment 
under the preceding sentence is not a mul-
tiple of $50, such amount shall be rounded 
to the next lowest multiple of $50.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 147. TERMINATION OF EXCLUSION FOR QUALIFIED BI-
CYCLE COMMUTING REIMBURSEMENT. 
(a) IN GENERAL.—Section 132(f)(1) is amended by 
striking subparagraph (D). 
(b) CONFORMING AMENDMENTS.— 
(1) Section 132(f)(2) is amended by adding 
‘‘and’’ at the end of subparagraph (A), striking ‘‘, 
and’’ at the end of subparagraph (B) and inserting 
a period, and striking subparagraph (C). 
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(2) Section 132(f)(4) is amended by striking 
‘‘(other than a qualified bicycle commuting reim-
bursement)’’. 
(3) Section 132(f) is amended by striking para-
graph (8). 
(4) Section 274(l)(2) is amended by striking 
‘‘after December 31, 2017, and before January 1, 
2026’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 148. QUALIFIED MOVING EXPENSE REIMBURSEMENT 
EXCLUSION 
LIMITED 
TO 
MEMBERS 
OF 
ARMED FORCES. 
(a) IN GENERAL.—Section 132(g) is amended— 
(1) by striking ‘‘by an individual’’ in paragraph 
(1) and inserting ‘‘by a qualified military indi-
vidual’’, and 
(2) by striking paragraph (2) and inserting the 
following new paragraph: 
‘‘(2) QUALIFIED
MILITARY
INDIVIDUAL.—For 
purposes of this subsection, the term ‘qualified mili-
tary individual’ means a member of the Armed 
Forces of the United States on active duty who 
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moves pursuant to a military order and incident to 
a permanent change of station.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 149. DEDUCTION FOR MOVING EXPENSES LIMITED TO 
MEMBERS OF ARMED FORCES. 
(a) IN GENERAL.—Section 217 is amended— 
(1) by amending subsection (a) to read as fol-
lows: 
‘‘(a) DEDUCTION ALLOWED.—There shall be allowed 
as a deduction moving expenses paid or incurred during 
the taxable year by a member of the Armed Forces of the 
United States on active duty who moves pursuant to a 
military order and incident to a permanent change of sta-
tion.’’, 
(2) by striking subsections (c), (d), (f), (g), and 
(k) and redesignating subsections (h), (i), and (j) as 
subsections (c), (d), and (f), respectively, and 
(3) by inserting after subsection (d), as so re-
designated, the following new subsection: 
‘‘(e) EXPENSES FURNISHED IN-KIND.—Any moving 
and storage expenses which are furnished in-kind (or for 
which reimbursement or an allowance is provided, but only 
to the extent of the expenses paid or incurred)— 
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‘‘(1) to a member described in subsection (a), 
or to such member’s spouse or dependents, shall not 
be includible in gross income, and no reporting with 
respect to such expenses shall be required by the 
Secretary of Defense or the Secretary of Transpor-
tation, as the case may be, and 
‘‘(2) to the spouse and dependents of a member 
described in subsection (a) with regard to moving to 
a location other than the one to which such member 
moves (or from a location other than the one from 
which such member moves), this section shall apply 
with respect to the moving expenses of such spouse 
and dependents as if such spouse were a member de-
scribed in subsection (a).’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Subsections (d)(3)(C) and (e) of section 23 
are each amended by striking ‘‘section 217(h)(3)’’ 
and inserting ‘‘section 217(c)(3)’’. 
(2) Section 7872(f) is amended by striking 
paragraph (11). 
(3) Section 217 is amended in the heading by 
striking ‘‘MOVING
EXPENSES’’ and inserting 
‘‘CERTAIN MOVING EXPENSES OF MEMBERS OF 
ARMED FORCES’’. 
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(4) The table of sections for part VII of sub-
chapter B of chapter 1 is amended by striking the 
item relating to section 217 and inserting the fol-
lowing new item: 
‘‘Sec. 217. Certain moving expenses of members of Armed Forces.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 150. LIMITATION ON WAGERING LOSSES. 
(a) IN GENERAL.—Section 165(d) is amended by 
striking ‘‘in the case of taxable years beginning after De-
cember 31, 2017, and before January 1, 2026,’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
Subtitle F—Increase in Estate and 
Gift Tax Exemption 
SEC. 151. INCREASE IN ESTATE AND GIFT TAX EXEMPTION. 
(a) IN GENERAL.—Section 2010(c)(3) is amended in 
subparagraph (A), by striking ‘‘$5,000,000’’ and inserting 
‘‘$10,000,000’’. 
(b) CONFORMING AMENDMENT.—Section 2010(c)(3) 
is amended by striking subparagraph (C). 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to estates of decedents dying and 
gifts made after the date of the enactment of this Act. 
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TITLE 
II—INCREASED 
EXEMP-
TION FOR ALTERNATIVE MIN-
IMUM TAX MADE PERMANENT 
SEC. 201. INCREASED EXEMPTION FOR INDIVIDUALS. 
(a) IN GENERAL.—Section 55(d)(1) is amended— 
(1) by striking ‘‘$78,750’’ in subparagraph (A) 
and inserting ‘‘$109,400’’, and 
(2) by striking ‘‘$50,600’’ in subparagraph (B) 
and inserting ‘‘$70,300’’. 
(b) PHASE-OUT OF EXEMPTION AMOUNT.—Section 
55(d)(2) is amended— 
(1) by striking ‘‘$150,000’’ in subparagraph 
(A) and inserting ‘‘$1,000,000’’, and 
(2) by striking subparagraphs (B) and (C) and 
by inserting the following new subparagraphs: 
‘‘(B) 50 percent of the dollar amount ap-
plicable under subparagraph (A) in the case of 
a taxpayer described in paragraph (1)(B) or 
(1)(C), and 
‘‘(C) $75,000 in the case of a taxpayer de-
scribed in paragraph (1)(D).’’. 
(c) INFLATION ADJUSTMENT.—Section 55(d)(3) is 
amended to read as follows: 
‘‘(3) INFLATION
ADJUSTMENT.—Each dollar 
amount described in clause (i) or (ii) of subpara-
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