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H 4458

Income tax rates

2025-2026 Regular Session Introduced by Jordan Pace

H 4458 - Income Tax Rates OverviewBill Number: H 4458 Title: Income Tax Rates Status: Referred to Committee on Ways and Means Introduced: August 28, 2025 Purpose and IntentThe p

Referred to Committee on Ways and Means
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Bill Summary · H 4458

H 4458 - Income Tax Rates

Overview

Bill Number: H 4458
Title: Income Tax Rates
Status: Referred to Committee on Ways and Means
Introduced: August 28, 2025

Purpose and Intent

The primary goal of this bill is to adjust the federal income tax rates for individuals and households. The proposed changes aim to provide tax relief for middle-income Americans while maintaining a progressive tax structure.

Key Provisions

  • Reduces the top marginal tax rate from 37% to 35% for individuals earning over $518,400 (or $622,050 for married couples filing jointly)
  • Increases the standard deduction from $12,200 to $14,000 for single filers and from $24,400 to $28,000 for married couples filing jointly
  • Expands the 12% tax bracket to include incomes up to $50,000 for single filers and $100,000 for married couples filing jointly (previously capped at $40,125 and $80,250 respectively)
  • Maintains the current 10%, 22%, 24%, and 32% tax brackets with minor adjustments to the income thresholds
  • Retains the current capital gains and qualified dividends tax rates

Affected Parties and Impacts

  • Individual taxpayers: The proposed changes would result in lower federal income taxes for most middle-income households, with the greatest benefits going to those in the expanded 12% tax bracket.
  • High-income earners: Individuals and couples with taxable incomes above $518,400/$622,050 would see a modest reduction in their top marginal tax rate.
  • The federal government: The bill is estimated to reduce federal tax revenue by approximately $120 billion over the next 10 years, which may impact funding for government programs and services.

Procedural and Timeline Considerations

The bill has been referred to the House Committee on Ways and Means, where it will undergo further review and potential amendments before being considered by the full House of Representatives. If passed by the House, the bill would then move to the Senate for consideration. The timeline for the bill's progress is uncertain, as it will depend on the committee's schedule and the broader legislative agenda.

Compiled from official sources — confirm details with the bill’s official record.

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