,i #aahth ,,congress #ast ,session ,h4 ,r4 #igf ,,in ,,the ,,house ,,of ,,representatives ,february #aj1 #bjbc,mr4 ,buchanan 7for himself1 ,mr4 ,perry1 ,mr4 ,joyce of ,ohio1 ,mr4 ,hern1 ,mr4 ,kelly of ,pennsylvania1 ,ms4 ,van ,duyne1 ,mrs4 ,miller of ,west ,virginia1 ,mr4 ,arrington1 ,mr4 ,smith of ,nebraska1 ,mr4 ,ferguson1 ,mr4 ,feenstra1 ,ms4 ,tenney1 ,mr4 ,kustoff1 ,mr4 ,amodei1 ,mr4 ,meuser1 ,mr4 ,crawford1 ,mrs4 ,miller-,meeks1 ,mr4 ,reschenthaler1 ,mr4 ,gaetz1 ,mrs4 ,cammack1 ,mr4 ,steil1 ,mr4 ,higgins of ,louisiana1 ,mr4 ,mc,caul1 ,mr4 ,balderson1 ,mr4 ,moolenaar1 ,mrs4 ,wagner1 ,mr4 ,graves of ,louisiana1 ,mr4 ,timmons1 ,mr4 ,la,turner1 ,mr4 ,johnson of ,louisiana1 ,ms4 ,salazar1 ,mr4 ,kelly of ,mississippi1 ,mr4 ,waltz1 ,mr4 ,mooney1 ,mr4 ,bishop of ,north ,carolina1 ,mr4 ,williams of ,new ,york1 ,mr4 ,johnson of ,ohio1 ,mrs4 ,luna1 ,mr4 ,fitzgerald1 ,mr4 ,owens1 ,mr4 ,moore of ,alabama1 ,mr4 ,finstad1 ,mr4 ,carey1 ,mr4 ,allen1 ,mr4 ,emmer1 ,mr4 ,miller of ,ohio1 ,mr4 ,donalds1 ,mr4 ,jackson of ,texas1 ,mr4 ,van ,drew1 ,mr4 ,moylan1 ,mr4 ,gimenez1 ,mr4 ,moran1 ,mr4 ,bost1 ,mr4 ,austin ,scott of ,georgia1 ,mr4 ,mann1 ,mr4 ,moore of ,utah1 ,mr4 ,mast1 ,mrs4 ,fischbach1 ,mr4 ,nunn of ,iowa1 ,mr4 ,rutherford1 ,mr4 ,ezell1 ,mr4 ,duarte1 ,mr4 ,gooden of ,texas1 ,mr4 ,bucshon1 ,mr4 ,ogles1 ,ms4 ,lee of ,florida1 ,mr4 ,posey1 ,mr4 ,ellzey1 ,mr4 ,guest1 ,mr4 ,estes1 ,mr4 ,carter of ,georgia1 ,mr4 ,williams of ,texas1 and ,mrs4 ,miller of ,illinois7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to make permanent certain provisions of the ,tax ,cuts and ,jobs ,act affecting individuals1 families1 and small businesses1 and for other purposes4 #a4 ,short title1 etc 7a7 ,short title ,this ,act may be cited as the ,,tcja ,permanency ,act4 7b7 ,amendment of #aihf code ,except as otherwise expressly provided1 whenever in this ,act an amendment or repeal is expressed in terms of an amendment to1 or repeal of1 a section or other provision1 the reference shall be considered to be made to a section or other provision of the ,internal ,revenue ,code of #aihf4 7c7 ,references to the ,tax ,cuts and ,jobs ,act ,title ,i of ,public ,law #aae-ig may be cited as the ,tax ,cuts and ,jobs ,act4 7d7 ,table of contents ,the table of contents of this ,act is as follows3 ,sec4 #a4 ,short title1 etc4,title ,i--,individual reform made permanent,subtitle ,a--,rate reform,sec4 #aja4 ,modification of rates4,subtitle ,b--,deduction for qualified business income of pass-,thru entities,sec4 #aaa4 ,deduction for qualified business income4,sec4 #aab4 ,limitation on losses for taxpayers other than corporations4,subtitle ,c--,tax benefits for families and individuals,sec4 #aba4 ,increase in standard deduction4,sec4 #abb4 ,increase in and modification of child tax credit4,sec4 #abc4 ,increased limitation for certain charitable contributions4,sec4 #abd4 ,increased contributions to ,,able accounts4,sec4 #abe4 ,rollovers to ,,able programs from #ebi programs4,sec4 #abf4 ,treatment of certain individuals performing services in the ,sinai ,peninsula of ,egypt4,subtitle ,d--,education,sec4 #aca4 ,treatment of student loan discharges4,sec4 #acb4 #ebi account funding for homeschool and additional elementary and secondary expenses4,subtitle ,e--,deductions and exclusions,sec4 #ada4 ,repeal of deduction for personal exemptions4,sec4 #adb4 ,limitation on deduction for ,state and local1 etc41 taxes4,sec4 #adc4 ,limitation on deduction for qualified residence interest4,sec4 #add4 ,modification of deduction for personal casualty losses4,sec4 #ade4 ,termination of miscellaneous itemized deductions4,sec4 #adf4 ,repeal of overall limitation on itemized deductions4,sec4 #adg4 ,termination of exclusion for qualified bicycle commuting reimbursement4,sec4 #adh4 ,qualified moving expense reimbursement exclusion limited to members of ,armed ,forces4,sec4 #adi4 ,deduction for moving expenses limited to members of ,armed ,forces4,sec4 #aej4 ,limitation on wagering losses4,subtitle ,f--,increase in estate and gift tax exemption,sec4 #aea4 ,increase in estate and gift tax exemption4,title ,,ii--,increased exemption for ,alternative ,minimum ,tax made permanent,sec4 #bja4 ,increased exemption for individuals4 ,i ,individual reform made permanent ,a ,rate reform #aja4 ,modification of rates 7a7 ,married individuals filing joint returns and surviving spouses ,section #a7;a7 is amended by striking the table contained therein and inserting the following3 ,if taxable income is3,the tax is3,not over #ai1jejaj of taxable income4,over #ai1jej but not over #gg1djja1ije1 plus #ab of the excess over #ai1jej4,over #gg1djj but not over #afe1jjjh1ijg1 plus #bb of the excess over #gg1djj4,over #afe1jjj but not over #cae1jjjbh1agi1 plus #bd of the excess over #afe1jjj4,over #cae1jjj but not over #djj1jjjfd1agi1 plus #cb of the excess over #cae1jjj4,over #djj1jjj but not over #fjj1jjjia1cgi1 plus #ce of the excess over #djj1jjj4,over #fjj1jjjafa1cgi1 plus #cg of the excess over #fjj1jjj4 4 7b7 ,heads of households ,section #a7;b7 is amended by striking the table contained therein and inserting the following3 ,if taxable income is3,the tax is3,not over #ac1fjjaj of taxable income4,over #ac1fjj but not over #ea1hjja1cfj1 plus #ab of the excess over #ac1fjj4,over #ea1hjj but not over #hb1ejje1idd1 plus #bb of the excess over #ea1hjj4,over #hb1ejj but not over #aeg1ejjab1fih1 plus #bd of the excess over #hb1ejj4,over #aeg1ejj but not over #bjj1jjjcj1fih1 plus #cb of the excess over #aeg1ejj4,over #bjj1jjj but not over #ejj1jjjdd1bih1 plus #ce of the excess over #bjj1jjj4,over #ejj1jjjadi1bih1 plus #cg of the excess over #ejj1jjj4 4 7c7 ,unmarried individuals other than surviving spouses and heads of households ,section #a7;c7 is amended by striking the table contained therein and inserting the following3 ,if taxable income is3,the tax is3,not over #i1ebeaj of taxable income4,over #i1ebe but not over #ch1gjjieb4ej1 plus #ab of the excess over #i1ebe4,over #ch1gjj but not over #hb1ejjd1dec4ej1 plus #bb of the excess over #ch1gjj4,over #hb1ejj but not over #aeg1ejjad1jhi4ej1 plus #bd of the excess over #hb1ejj4,over #aeg1ejj but not over #bjj1jjjcb1jhi4ej1 plus #cb of the excess over #aeg1ejj4,over #bjj1jjj but not over #ejj1jjjde1fhi4ej1 plus #ce of the excess over #bjj1jjj4,over #ejj1jjjaej1fhi4ej1 plus #cg of the excess over #ejj1jjj4 4 7d7 ,married individuals filing separate returns ,section #a7;d7 is amended by striking the table contained therein and inserting the following3 ,if taxable income is3,the tax is3,not over #i1ebeaj of taxable income4,over #i1ebe but not over #ch1gjjieb4ej1 plus #ab of the excess over #i1ebe4,over #ch1gjj but not over #hb1ejjd1dec4ej1 plus #bb of the excess over #ch1gjj4,over #hb1ejj but not over #aeg1ejjad1jhi4ej1 plus #bd of the excess over #hb1ejj4,over #aeg1ejj but not over #bjj1jjjcb1jhi4ej1 plus #cb of the excess over #aeg1ejj4,over #bjj1jjj but not over #cjj1jjjde1fhi4ej1 plus #ce of the excess over #bjj1jjj4,over #cjj1jjjhj1fhi4ej1 plus #cg of the excess over #cjj1jjj4 4 7e7 ,estates and trusts ,section #a7;e7 is amended by striking the table contained therein and inserting the following3 ,if taxable income is3,the tax is3,not over #b1eejaj of taxable income4,over #b1eej but not over #i1aejbee1 plus #bd of the excess over #b1eej4,over #i1aej but not over #ab1ejja1hci1 plus #ce of the excess over #i1aej4,over #ab1ejjc1jaa4ej1 plus #cg of the excess over #ab1ejj4 4 7f7 ,inflation adjustments ,section #a7;f7 is amended-- 7#a7 by amending paragraph 7#b77;,a7 to read as follows3 7,a7 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 year1 determined under this subsection for such calendar year by substituting #8#bjag' for #8#bjaf' in paragraph 7#c77;,a77ii71 1 7#b7 by amending paragraph 7#g7 to read as follows3 7#g7 ,rounding 7,a7 ,in general ,except as provided in subparagraph 7,b71 if any increase determined under paragraph 7#b77;,a7 is not a multiple of #be1 such increase shall be rounded to the next lowest multiple of #be4 7,b7 ,joint returns1 etc ,in the case of a table prescribed under subsection 7a71 subparagraph 7,a7 shall be applied by substituting #ej for #be both places it appears4 1 7#c7 by striking paragraph 7#h71 and 7#d7 in the heading1 by striking ,phaseout of marriage penalty in #ae-percent bracket2 adjustments and inserting ,adjustments4 7g7 ,application of income tax brackets to capital gains brackets ,section #a7;h7 is amended-- 7#a7 in paragraph 7#a77;,b77i71 by striking #be percent and inserting #bb percent1 7#b7 in paragraph 7#a77;,c77ii77,i71 by striking which would 7without regard to this paragraph7 be taxed at a rate below #ci4f percent and inserting below the maximum #ae-percent rate amount1 and 7#c7 by adding at the end the following new paragraphs3 7#ab7 ,maximum #ae-percent rate amount defined ,for purposes of this subsection1 the maximum #ae-percent rate amount shall be-- 7,a7 in the case of a joint return or surviving spouse 7as defined in section #b7;a771 #dgi1jjj 7 such amount in the case of a married individual filing a separate return71 7,b7 in the case of an individual who is a head of household 7as defined in section #b7;b771 #deb1djj1 7,c7 in the case of any other individual 7other than an estate or trust71 #dbe1hjj1 and 7,d7 in the case of an estate or trust1 #ab1gjj4 7#ac7 ,determination of #j percent rate bracket for estates and trusts ,in the case of any estate or trust1 paragraph 7#a77;,b7 shall be applied by treating the amount determined in clause 7i7 thereof as being equal to #b1fjj4 7#ad7 ,inflation adjustment 7,a7 ,in general ,each of the dollar amounts in paragraphs 7#ab7 and 7#ac7 shall be increased by an amount equal to-- 7i7 such dollar amount1 multiplied by 7ii7 the cost-of-living adjustment determined under subsection 7f77#c7 for the calendar year in which the taxable year begins1 determined by substituting calendar year #bjag for calendar year #bjaf in subparagraph 7,a77ii7 thereof4 7,b7 ,rounding ,if any increase under subparagraph 7,a7 is not a multiple of #ej1 such increase shall be rounded to the next lowest multiple of #ej4 4 7h7 ,conforming amendments 7#a7 ,section #a is amended by striking subsections 7i7 and 7j74 7#b7 ,section #cdjb7q77#a7 is amended by striking third lowest and inserting fourth lowest4 7i7 ,application of section #ae 7#a7 ,in general ,subsection 7a7 of section #ae is amended by striking ,if any rate of tax and inserting ,in the case of a corporation1 if any rate of tax4 7#b7 ,conforming amendments 7,a7 ,section #ae is amended by striking subsections 7d7 and 7f74 7,b7 ,section #fjac7;c7 is amended by striking sections #ae1 #ddc1 and #ghea7;a77#a77;,a7 and inserting section #ddc4 7,c7 ,the heading of section #ae is amended by inserting on corporations after ,effect of changes4 7,d7 ,the table of sections for part ,,iii of subchapter ,a of chapter #a is amended by striking the item relating to section #ae and inserting the following new item3 ,sec4 #ae4 ,effect of changes on corporations4 4 7j7 ,effective date 7#a7 ,in general ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 7#b7 ,application of section #ae ,section #ae of the ,internal ,revenue ,code of #aihf shall not apply to any change in a rate of tax by reason of-- 7,a7 section #a7;j7 of such ,code 7as in effect before its repeal by this section71 or 7,b7 any amendment made by this ,act4 ,b ,deduction for qualified business income of pass-,thru entities #aaa4 ,deduction for qualified business income 7a7 ,in general ,section #aii;,a is amended by striking subsection 7i74 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #aab4 ,limitation on losses for taxpayers other than corporations 7a7 ,in general ,section #dfa is amended-- 7#a7 by amending subsection 7l77#a7 to read as follows3 7#a7 ,limitation ,in the case of a taxpayer other than a corporation1 any excess business loss of the taxpayer for the taxable year shall not be allowed4 1 and 7#b7 by striking subsection 7j7 and redesignating subsections 7k7 and 7l7 7as amended7 as subsections 7j7 and 7k71 respectively4 7b7 ,conforming amendments 7#a7 ,section #eh7;a77#b77;,a7 is amended by striking #dfa7k7 and inserting #dfa7;j74 7#b7 ,section #dfa7;i77#d7 is amended by striking subsection 7k7 and inserting subsection 7j74 7#c7 ,section #dfd7;d77#b77;,b77iii7 is amended by striking section #dfa7k77#b77;,e7 and inserting section #dfa7;j77#b77;,e74 7#d7 ,subparagraphs 7,b7 and 7,c7 of section #abef7;e77#c7 are each amended by striking section #dfa7k77#d7 and inserting section #dfa7;j77#d74 7#e7 ,section #abeh7;d77#e77;,c7 is amended by striking section #dfa7k77#d7 and inserting section #dfa7;j77#d74 7c7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 ,c ,tax benefits for families and individuals #aba4 ,increase in standard deduction 7a7 ,in general ,section #fc7;c77#b7 is amended-- 7#a7 by striking #d1djj in subparagraph 7,b7 and inserting #ah1jjj1 and 7#b7 by striking #c1jjj in subparagraph 7,c7 and inserting #ab1jjj4 7b7 ,inflation adjustment ,section #fc7;c77#d7 is amended to read as follows3 7#d7 ,adjustments for inflation 7,a7 ,in general ,each dollar amount in paragraph 7#b77;,b71 7#b77;,c71 or 7#e7 or subsection 7f7 shall be increased by an amount equal to-- 7i7 such dollar amount1 multiplied by 7ii7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 determined by substituting for #bjaf in subparagraph 7,a77ii7 thereof-- 7,i7 in the case of the dollar amounts contained in paragraph 7#b77;,b7 or 7#b77;,c71 #bjag1 7,,ii7 in the case of the dollar amounts contained in paragraph 7#e77;,a7 or subsection 7f71 #aihg1 and 7,,iii7 in the case of the dollar amount contained in paragraph 7#e77;,b71 #aiig4 7,b7 ,rounding ,if any increase under subparagraph 7,a7 is not a multiple of #ej1 such increase shall be rounded to the next lowest multiple of #ej4 4 7c7 ,conforming amendment ,section #fc7;c7 is amended by striking paragraph 7#g74 7d7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #abb4 ,increase in and modification of child tax credit 7a7 ,in general ,section #bd is amended by striking subsections 7a71 7b71 and 7c7 and inserting the following new subsections3 7a7 ,allowance of credit ,there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of-- 7#a7 #b1jjj for each qualifying child of the taxpayer1 and 7#b7 #ejj for each qualifying dependent 7other than a qualifying child7 of the taxpayer4 7b7 ,limitation based on adjusted gross income ,the amount of the credit allowable under subsection 7a7 shall be reduced 7but not below zero7 by #ej for each #a1jjj 7or fraction thereof7 by which the taxpayer's modified adjusted gross income exceeds #djj1jjj in the case of a joint return 7#bjj1jjj in any other case74 ,for purposes of the preceding sentence1 the term 8modified adjusted gross income0 means adjusted gross income increased by any amount excluded from gross income under section #iaa1 #ica1 or #icc4 7c7 ,qualifying child2 qualifying dependent ,for purposes of this section-- 7#a7 ,qualifying child ,the term qualifying child means any qualifying dependent of the taxpayer-- 7,a7 who is a qualifying child 7as defined in section #ggjf7;c77 of the taxpayer1 7,b7 who has not attained age #ag at the close of the calendar year in which the taxable year of the taxpayer begins1 and 7,c7 whose name and social security number are included on the taxpayer's return of tax for the taxable year4 7#b7 ,qualifying dependent ,the term qualifying dependent means any dependent of the taxpayer 7as defined in section #ggjf without regard to all that follows resident of the ,united ,states in section #ggjf7;b77#c77;,a77 whose name and ,,tin are included on the taxpayer's return of tax for the taxable year4 7#c7 ,social security number defined ,for purposes of this subsection1 the term social security number means1 with respect to a return of tax1 a social security number issued to an individual by the ,social ,security ,administration1 but only if the social security number is issued-- 7,a7 to a citizen of the ,united ,states or pursuant to subclause 7,i7 7or that portion of subclause 7,,iii7 that relates to subclause 7,i77 of section #bje7;c77#b77;,b77i7 of the ,social ,security ,act1 and 7,b7 on or before the due date of filing such return4 4 7b7 ,portion of credit refundable 7#a7 ,in general ,section #bd7;d77#a77;,a7 is amended to read as follows3 7,a7 the credit which would be allowed under this section determined-- 7i7 by substituting #a1djj for #b1jjj in subsection 7a77#a71 7ii7 without regard to subsection 7a77#b71 and 7iii7 without regard to this subsection 7other than this subparagraph7 and the limitation under section #bf7;a71 or 4 7#b7 ,modification of limitation based on earned income ,section #bd7;d77#a77;,b77i7 is amended by striking #c1jjj and inserting #b1ejj4 7#c7 ,inflation adjustment ,section #bd7;d7 is amended by inserting after paragraph 7#c7 the following new paragraph3 7#d7 ,adjustment for inflation 7,a7 ,in general ,the #a1djj amount in paragraph 7#a77;,a77i7 shall be increased by an amount equal to-- 7i7 such dollar amount1 multiplied by 7ii7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 determined by substituting #bjag for #bjaf in subparagraph 7,a77ii7 thereof4 7,b7 ,rounding ,if any increase under subparagraph 7,a7 is not a multiple of #ajj1 such increase shall be rounded to the next lowest multiple of #ajj4 7,c7 ,limitation ,the amount of any increase under subparagraph 7,a7 7after the application of subparagraph 7,b77 shall not exceed #fjj4 4 7#d7 ,conforming amendments 7,a7 ,section #bd7;e7 is amended to read as follows3 7e7 ,taxpayer identification requirement ,no credit shall be allowed under this section if the identifying number of the taxpayer was issued after the due date for filing the return of tax for the taxable year4 4 7,b7 ,section #bd is amended by striking subsection 7h74 7c7 ,repeal of certain later enacted provisions 7#a7 ,section #bd is amended by striking subsections 7i71 7j71 and 7k74 7#b7 ,chapter #gg is amended by striking section #gebg;,a 7and by striking the item relating to section #gebg;,a in the table of sections for such chapter74 7#c7 ,section #bf7;b77#b7 is amended by inserting and at the end of subparagraph 7,x71 by striking 1 and at the end of subparagraph 7,y7 and inserting a period1 and by striking subparagraph 7,z74 7#d7 ,section #cdjb7;f77#a77;,c7 is amended by striking section #bd 7determined after application of subsection 7j7 thereof7 and inserting section #bd7;a74 7#e7 ,section #fbaa7;b77#d77;,a7 is amended-- 7,a7 by striking #bd by reason of subsections 7d7 and 7i77#a7 thereof and inserting #bd7;d71 and 7,b7 by striking #fdbh;,b1 and #gebg;,a and inserting and #fdbh;,b4 7#f7 ,paragraph 7#b7 of section #acbd7;b7 of title #ca1 ,united ,states ,code1 is amended by striking #fdca1 or #gebg;,a and inserting or #fdca4 7d7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #abc4 ,increased limitation for certain charitable contributions 7a7 ,in general ,section #agj7;b77#a77;,g7 is amended to read as follows3 7,g7 ,cash contributions 7i7 ,in general ,any contribution of cash to an organization described in subparagraph 7,a7 shall be allowed to the extent that the aggregate of such contributions does not exceed #fj percent of the taxpayer's contribution base for the taxable year1 reduced by the aggregate amount of contributions allowable under subparagraph 7,a7 for such taxpayer for such year4 7ii7 ,carryover ,if the aggregate amount of contributions described in clause 7i7 exceeds the limitation of clause 7i71 such excess shall be treated 7in a manner consistent with the rules of subsection 7d77#a77 as a charitable contribution to which clause 7i7 applies in each of the #e succeeding years in order of time4 4 7b7 ,coordination with limitations on other contributions 7#a7 ,coordination with #ej percent limitation ,section #agj7;b77#a77;,a7 is amended by striking ,any charitable contribution and inserting ,any charitable contribution other than a contribution described in subparagraph 7,g74 7#b7 ,coordination with #cj percent limitation ,section #agj7;b77#a77;,b7 is amended-- 7,a7 in the matter preceding clause 7i71 by striking to which subparagraph 7,a7 applies and inserting to which subparagraph 7,a7 or 7,g7 applies1 7,b7 by amending clause 7ii7 to read as follows3 7ii7 the excess of-- 7,i7 the sum of #ej percent of the taxpayer's contribution base for the taxable year1 plus so much of the amount of charitable contributions allowable under subparagraph 7,g7 as does not exceed #aj percent of such contribution base1 over 7,,ii7 the amount of charitable contributions allowable under subparagraphs 7,a7 and 7,g7 7determined without regard to subparagraph 7,c774 1 and 7,c7 in the matter following clause 7ii71 by striking 7to which subparagraph 7,a7 does not apply7 and inserting 7to which neither subparagraph 7,a7 nor 7,g7 applies74 7c7 ,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 ,act4 #abd4 ,increased contributions to ,,able accounts 7a7 ,increase in limitation for contributions from compensation of individuals with disabilities ,section #ebi;,a7b77#b77;,b77ii7 is amended by striking before ,january #a1 #bjbf4 7b7 ,allowance of saver's credit for ,,able contributions by account holder ,section #be;,b7d77#a77;,d7 is amended by striking made before ,january #a1 #bjbf14 7c7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #abe4 ,rollovers to ,,able programs from #ebi programs 7a7 ,in general ,section #ebi7;c77#c77;,c77i77,,iii7 is amended by striking before ,january #a1 #bjbf14 7b7 ,effective date ,the amendments made by this section shall apply to distributions after the date of the enactment of this ,act4 #abf4 ,treatment of certain individuals performing services in the ,sinai ,peninsula of ,egypt 7a7 ,in general ,section #aab7;c77#b7 is amended-- 7#a7 by striking means any area and inserting means-- 7,a7 any area 1 and 7#b7 by striking the period at the end and inserting 1 and 7,b7 the ,sinai ,peninsula of ,egypt4 4 7b7 ,period of treatment ,section #aab7;c77#c7 is amended-- 7#a7 by striking only if performed and inserting only if-- 7,a7 in the case of an area described in paragraph 7#b77;,a71 such service is performed 1 and 7#b7 by striking the period at the end and inserting 1 and 7,b7 in the case of the area described in paragraph 7#b77;,b71 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 #caj of title #cg1 ,united ,states ,code 7relating to special pay2 duty subject to hostile fire or imminent danger71 for service performed in such area4 4 7c7 ,conforming amendment ,the ,tax ,cuts and ,jobs ,act is amended by striking section #aajbf4 7d7 ,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 ,act4 ,d ,education #aca4 ,treatment of student loan discharges 7a7 ,sunset of special rule for discharges of certain loans ,section #ajh7;f77#e7 is amended-- 7#a7 in the heading1 by striking #bjbe and inserting #bjbd1 and 7#b7 by striking ,january #a1 #bjbf and inserting ,january #a1 #bjbe4 7b7 ,reinstatement of rule for discharges on account of death or disability after #bjbd ,section #ajh7;f7 is amended by adding at the end the following new paragraph3 7#f7 ,discharges on account of death or disability after #bjbd 7,a7 ,in general ,in the case of an individual1 gross income does not include any amount which 7but for this subsection7 would be includible in gross income for such taxable year by reasons of the discharge 7in whole or in part7 of any loan described in subparagraph 7,b7 after ,december #ca1 #bjbd1 if such discharge was-- 7i7 pursuant to subsection 7a7 or 7d7 of section #dcg of the ,higher ,education ,act of #aife or the parallel benefit under part ,d of title ,,iv of such ,act 7relating to the repayment of loan liability71 7ii7 pursuant to section #dfd7;c77#a77;,f7 of such ,act1 or 7iii7 otherwise discharged on account of the death or total and permanent disability of the student4 7,b7 ,loans described ,a loan is described in this subparagraph if such loan is-- 7i7 a student loan 7as defined in paragraph 7#b771 or 7ii7 a private education loan 7as defined in section #adj7g7 of the ,consumer ,credit ,protection ,act 7#ae ,u4,s4,c4 #afej7g7774 4 7c7 ,effective date ,the amendments made by this section shall apply to discharges of indebtedness after ,december #ca1 #bjbd4 #acb4 #ebi account funding for homeschool and additional elementary and secondary expenses 7a7 ,in general ,section #ebi7;c77#g7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7#g7 ,treatment of elementary and secondary tuition ,any reference in this section to the term qualified higher education expense shall include a reference to the following expenses in connection with enrollment or attendance at1 or for students enrolled at or attending1 an elementary or secondary public1 private1 or religious school3 7,a7 ,tuition4 7,b7 ,curriculum and curricular materials4 7,c7 ,books or other instructional materials4 7,d7 ,online educational materials4 7,e7 ,tuition for tutoring or educational classes outside of the home1 including at a tutoring facility1 but only if the tutor or instructor is not related to the student and-- 7i7 is licensed as a teacher in any ,state1 7ii7 has taught at an eligible educational institution1 or 7iii7 is a subject matter expert in the relevant subject4 7,f7 ,fees for a nationally standardized norm-referenced achievement test1 an advanced placement examination1 or any examinations related to college or university admission4 7,g7 ,fees for dual enrollment in an institution of higher education4 7,h7 ,educational therapies for students with disabilities provided by a licensed or accredited practitioner or provider1 including occupational1 behavioral1 physical1 and speech-language therapies4 ,such term shall include expenses for the purposes described in subparagraphs 7,a7 through 7,h7 in connection with a homeschool 7whether treated as a homeschool or a private school for purposes of applicable ,state law74 4 7b7 ,effective date ,the amendment made by this section shall apply to distributions made after the date of the enactment of this ,act4 ,e ,deductions and exclusions #ada4 ,repeal of deduction for personal exemptions 7a7 ,in general ,part ,v of subchapter ,b of chapter #a is hereby repealed4 7b7 ,definition of dependent retained ,section #aeb1 prior to the repeal made by subsection 7a71 is hereby redesignated as section #ggjf and moved to the end of chapter #gi4 7c7 ,application to trusts and estates ,section #fdb7;b7 is amended-- 7#a7 in paragraph 7#b77;,c7-- 7,a7 in clause 7i71 by striking the exemption amount under section #aea7;d7 and all that follows through the period at the end and inserting the dollar amount in effect under section #ggjf7;d77#a77;,b741 and 7,b7 by striking clause 7iii71 7#b7 by striking paragraph 7#c71 and 7#c7 by striking ,deduction ,for ,personal ,exemption in the heading thereof and inserting ,basic ,deduction4 7d7 ,application to nonresident aliens ,section #hgc7;b7 is amended by striking paragraph 7#c74 7e7 ,modification of return requirement 7#a7 ,in general ,section #fjab7;a77#a7 is amended to read as follows3 7#a7 ,every individual who has gross income for the taxable year1 except that a return shall not be required of-- 7,a7 an individual who is not married 7determined by applying section #ggjc7 and who has gross income for the taxable year which does not exceed the standard deduction applicable to such individual for such taxable year under section #fc1 or 7,b7 an individual entitled to make a joint return if-- 7i7 the gross income of such individual1 when combined with the gross income of such individual's spouse1 for the taxable year does not exceed the standard deduction which would be applicable for such taxable year under section #fc if such individual and such individual's spouse made a joint return1 7ii7 such individual's spouse does not make a separate return1 and 7iii7 neither such individual nor such individual's spouse is an individual described in section #fc7;c77#d7 who has income 7other than earned income7 in excess of the amount in effect under section #fc7;c77#d77;,a74 4 7#b7 ,bankruptcy estates ,section #fjab7;a77#h7 is amended by striking the sum of the exemption amount plus the basic standard deduction under section #fc7;c77#b77;,c7 and inserting the standard deduction in effect under section #fc7;c77#a77;,b74 7#c7 ,conforming amendment ,section #fjab is amended by striking subsection 7f74 7f7 ,conforming amendments 7#a7 ,section #a7;g77#e77;,a7 is amended by striking section #aeb7;e7 and inserting section #ggjf7;e74 7#b7 ,section #b7;a77#a77;,b7 is amended-- 7,a7 by striking section #aeb and inserting section #ggjf1 and 7,b7 by striking with respect to whom the taxpayer is entitled to a deduction for the taxable year under section #aea and inserting whose ,,tin is included on the taxpayer's return of tax for the taxable year4 7#c7 ,section #b7;b77#a77;,a77i7 is amended-- 7,a7 in the matter preceding subclause 7,i7-- 7i7 by striking section #aeb7;c7 and inserting section #ggjf7;c71 and 7ii7 by striking section #aeb7;e7 and inserting section #ggjf7;e71 and 7,b7 in subclause 7,,ii71 by striking section #aeb7;b77#b7 or #aeb7;b77#c7 and inserting section #ggjf7;b77#b7 or #ggjf7;b77#c74 7#d7 ,section #b7;b77#a77;,a77ii7 is amended by striking if the taxpayer is entitled to a deduction for the taxable year for such person under section #aea and inserting if the taxpayer included such person's ,,tin on the return of tax for the taxable year4 7#e7 ,section #b7;b77#a77;,b7 is amended by striking if the taxpayer is entitled to a deduction for the taxable year for such father or mother under section #aea 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 year4 7#f7 ,section #b7;b77#c77;,b7 is amended-- 7,a7 by striking section #aeb7;d77#b7 in clause 7i7 and inserting section #ggjf7;d77#b71 and 7,b7 by striking section #aeb7;d7 in clause 7ii7 and inserting section #ggjf7;d74 7#g7 ,section #ba7;b77#a77;,a7 is amended by striking section #aeb7;a77#a7 and inserting section #ggjf7;a77#a74 7#h7 ,section #ba7;b77#a77;,b7 is amended by striking section #aeb and inserting section #ggjf4 7#i7 ,section #ba7;e77#e77;,a7 is amended by striking section #aeb7;e7 and inserting section #ggjf7;e74 7#aj7 ,section #ba7;e77#e7 is amended by striking section #aeb7;e77#d77;,a7 in the matter following subparagraph 7,b7 and inserting section #ggjf7;e77#d77;,a74 7#aa7 ,section #ba7;e77#f77;,a7 is amended to read as follows3 7,a7 who is a dependent of either the taxpayer or the taxpayer's spouse for the taxable year1 or 4 7#ab7 ,section #ba7;e77#f77;,b7 is amended by striking section #aeb7;f77#a7 and inserting section #ggjf7;f77#a74 7#ac7 ,section #be;,a7f77#a77;,a77iii7 is amended by striking with respect to whom the taxpayer is allowed a deduction under section #aea4 7#ad7 ,section #be;,a7g77#c7 is amended by striking ,if a deduction under section #aea with respect to an individual is allowed to another taxpayer and inserting ,if an individual is a dependent of another taxpayer4 7#ae7 ,section #be;,b7c77#b77;,a7 is amended by striking any individual with respect to whom a deduction under section #aea is allowed to another taxpayer and inserting any individual who is a dependent of another taxpayer4 7#af7 ,section #be;,b7c77#b77;,b7 is amended by striking section #aeb7;f77#b7 and inserting section #ggjf7;f77#b74 7#ag7 ,section #cb7;c77#a77;,a77ii77,,iii7 is amended by striking a dependent for whom a deduction is allowable under section #aea to another taxpayer and inserting a dependent of another taxpayer4 7#ah7 ,section #cb7;c77#c7 is amended-- 7,a7 in subparagraph 7,a7-- 7i7 by striking section #aeb7;c7 and inserting section #ggjf7;c71 and 7ii7 by striking section #aeb7;e7 and inserting section #ggjf7;e71 7,b7 in subparagraph 7,b71 by striking unless the taxpayer is entitled to a deduction under section #aea for such taxable year with respect to such individual 7or would be so entitled but for section #aeb7;e7 and inserting if such individual is not treated as a dependent of such taxpayer for such taxable year by reason of section #ggjf7;b77#b7 7determined without regard to section #ggjf7;e771 and 7,c7 in subparagraph 7,c71 by striking section #aeb7;c77#a77;,b7 and inserting section #ggjf7;c77#a77;,b74 7#ai7 ,section #ce7;d77#a77;,b7 is amended by striking with respect to whom the taxpayer is entitled to a deduction under section #aea7;c7 and inserting if the taxpayer included such person's ,,tin on the return of tax for the taxable year4 7#bj7 ,section #ce7;d77#b7 is amended-- 7,a7 by striking section #aeb7;e7 and inserting section #ggjf7;e71 and 7,b7 by striking section #aeb7;e77#d77;,a7 and inserting section #ggjf7;e77#d77;,a74 7#ba7 ,section #cf;,b7b77#b77;,a7 is amended by striking section #aeb and inserting section #ggjf4 7#bb7 ,section #cf;,b7b77#c77;,b7 is amended-- 7,a7 in clause 7ii77,i77aa71 by striking who is not allowed a deduction under section #aea for the taxable year with respect to a dependent and inserting who does not have any dependents for the taxable year1 and 7,b7 in the flush matter at the end1 by striking unless a deduction is allowed under section #aea for the taxable year with respect to a dependent and inserting unless the taxpayer has a dependent for the taxable year 7and the taxpayer included such dependent's ,,tin on the return of tax for the taxable year74 7#bc7 ,section #cf;,b7c77#a77;,d7 is amended by striking with respect to whom a deduction under section #aea is allowable to another taxpayer and inserting who is a dependent of another taxpayer4 7#bd7 ,section #cf;,b7d77#a7 is amended by striking equal to the number of individuals for whom the taxpayer is allowed a deduction under section #aea 7relating to allowance of deduction for personal exemptions7 for the taxable year and inserting the sum of #a 7#b in the case of a joint return7 plus the number of individuals who are dependents of the taxpayer for the taxable year4 7#be7 ,section #cf;,b7e77#a7 is amended by striking #a or more individuals for whom a taxpayer is allowed a deduction under section #aea 7relating to allowance of deduction for personal exemptions7 for the taxable year 7including the taxpayer or his spouse7 and inserting #a or more of the taxpayer1 the taxpayer's spouse1 or any dependent of the taxpayer4 7#bf7 ,section #db7;i77#c77;,d77ii77,i7 is amended by striking section #aeb and inserting section #ggjf4 7#bg7 ,section #de,r7e77#a77;,a77iv7 is amended-- 7,a7 by striking section #aeb7;d77#b7 and inserting section #ggjf7;d77#b71 and 7,b7 by striking section #aeb7;d77#b77;,h7 and inserting section #ggjf7;d77#b77;,h74 7#bh7 ,section #ea7;i77#a7 is amended-- 7,a7 by striking section #aeb7;d77#b7 in subparagraphs 7,a7 and 7,b7 and inserting section #ggjf7;d77#b71 and 7,b7 by striking section #aeb7;d77#b77;,h7 in subparagraph 7,c7 and inserting section #ggjf7;d77#b77;,h74 7#bi7 ,section #ef7;b77#a77;,d7 is amended-- 7,a7 by striking 1 the deduction for personal exemptions under section #aea11 and 7,b7 by striking and deduction for personal exemptions in the heading thereof4 7#cj7 ,section #fc7;b7 is amended by adding and at the end of paragraph 7#a71 by striking paragraph 7#b71 and by redesignating paragraph 7#c7 as paragraph 7#b74 7#ca7 ,section #fc7;c71 as amended by section #aba1 is amended by striking paragraph 7#c7 and redesignating paragraphs 7#d71 7#e71 and 7#f7 as paragraphs 7#c71 7#d71 and 7#e71 respectively4 7#cb7 ,section #fc7;c77#d71 as redesignated1 is amended-- 7,a7 by striking with respect to whom a deduction under section #aea is allowable to and inserting who is a dependent of1 and 7,b7 by striking certain in the heading thereof4 7#cc7 ,section #fc7;f7 is amended by striking all that precedes paragraph 7#c7 and inserting the following3 7f7 ,additional standard deduction for the aged and blind 7#a7 ,in general ,for purposes of subsection 7c77#a71 the additional standard deduction is1 with respect to a taxpayer for a taxable year1 the sum of-- 7,a7 #fjj if the taxpayer has attained age #fe before the close of such taxable year1 and 7,b7 #fjj if the taxpayer is blind as of the close of such taxable year4 7#b7 ,application to married individuals 7,a7 ,joint returns ,in the case of a joint return1 paragraph 7#a7 shall be applied separately with respect to each spouse4 7,b7 ,certain married individuals filing separately ,in the case of a married individual filing a separate return1 if-- 7i7 the spouse of such individual has no gross income for the calendar year in which the taxable year of such individual begins1 7ii7 such spouse is not the dependent of another taxpayer for a taxable year beginning in the calendar year in which such individual's taxable year begins1 and 7iii7 the ,,tin of such spouse is included on such individual's return of tax for the taxable year1 the additional standard deduction shall be determined in the same manner as if such individual and such individual's spouse filed a joint return4 4 7#cd7 ,section #fc7;f77#c7 is amended by striking paragraphs 7#a7 and 7#b7 and inserting subparagraphs 7,a7 and 7,b7 of paragraph 7#a74 7#ce7 ,section #gb7t77#b77;,d77i77,,iii7 is amended by striking section #aeb and inserting section #ggjf4 7#cf7 ,section #gb7t77#g77;,a77iii7 is amended by striking section #aeb7;f77#a7 and inserting section #ggjf7;f77#a74 7#cg7 ,section #aje7;b7 is amended-- 7,a7 by striking as defined in section #aeb and inserting as defined in section #ggjf1 7,b7 by striking section #aeb7;f77#a7 and inserting section #ggjf7;f77#a71 and 7,c7 by striking section #aeb7;e7 and inserting section #ggjf7;e74 7#ch7 ,section #aje7;c77#a7 is amended by striking section #aeb and inserting section #ggjf4 7#ci7 ,section #abe7;e77#a77;,d7 is amended by striking section #aeb and inserting section #ggjf4 7#dj7 ,section #abi7;c77#a7 is amended to read as follows3 7#a7 who is a dependent of such employee or of such employee's spouse1 or 4 7#da7 ,section #abi7;c77#b7 is amended by striking section #aeb7;f77#a7 and inserting section #ggjf7;f77#a74 7#db7 ,section #acb7;h77#b77;,b7 is amended-- 7,a7 by striking section #aeb7;f77#a7 and inserting section #ggjf7;f77#a71 and 7,b7 by striking section #aeb7;e7 and inserting section #ggjf7;e74 7#dc7 ,section #aci;,d7c77#e7 is amended by striking section #aeb and inserting section #ggjf4 7#dd7 ,section #aci;,e7c77#b7 is amended by striking section #aeb and inserting section #ggjf4 7#de7 ,section #afb7l77#a77;,d7 is amended by striking section #aeb7;f77#a7 and inserting section #ggjf7;f77#a74 7#df7 ,section #agj7;g77#a7 is amended by striking section #aeb and inserting section #ggjf4 7#dg7 ,section #agj7;g77#c7 is amended by striking section #aeb7;d77#b7 and inserting section #ggjf7;d77#b74 7#dh7 ,section #agb7;d7 is amended by striking paragraph 7#c74 7#di7 ,section #bac7;a7 is amended by striking section #aeb and inserting section #ggjf4 7#ej7 ,section #bac7;d77#e7 is amended by striking section #aeb7;e7 and inserting section #ggjf7;e74 7#ea7 ,section #bac7;d77#aa7 is amended by striking section #aeb7;d77#b7 in the matter following subparagraph 7,b7 and inserting section #ggjf7;d77#b74 7#eb7 ,section #bbj7;b77#f7 is amended by striking with respect to whom a deduction under section #aea is allowable to and inserting who is a dependent of4 7#ec7 ,section #bbj7;d77#b77;,a7 is amended by striking section #aeb and inserting section #ggjf4 7#ed7 ,section #bba7;d77#d7 is amended by striking section #aeb and inserting section #ggjf4 7#ee7 ,section #bbc7;b77#f7 is amended by striking with respect to whom a deduction under section #aea is allowable to and inserting who is a dependent of4 7#ef7 ,section #bbc7;d77#b77;,a7 is amended by striking section #aeb and inserting section #ggjf4 7#eg7 ,section #dja7;h7 is amended by striking section #aeb7;f77#a7 in the last sentence and inserting section #ggjf7;f77#a74 7#eh7 ,section #djb7l77#d77;,d7 is amended by striking section #aeb and inserting section #ggjf4 7#ei7 ,section #dji;,a7a77#b77;,b77ii77,i7 is amended by striking section #aeb7;a7 and inserting section #ggjf7;a74 7#fj7 ,section #dda7;f77#b77;,b77iii7 is amended by striking 1 but only the adjusted amount of the deductions for personal exemptions as described in section #ddc7;c74 7#fa7 ,section #ddc is amended-- 7,a7 in subsection 7b7-- 7i7 by striking paragraph 7#c71 and 7ii7 by striking modified taxable income and inserting taxable income each place such term appears1 7,b7 by striking subsection 7c71 and 7,c7 by redesignating subsections 7d7 and 7e7 as subsections 7c7 and 7d71 respectively4 7#fb7 ,section #eja7;c77#i7 is amended by striking section #aeb7;f77#a7 and inserting section #ggjf7;f77#a74 7#fc7 ,section #ebi7;e77#b77;,b7 is amended by striking section #aeb7;d77#b7 and inserting section #ggjf7;d77#b74 7#fd7 ,section #ebi;,a7e77#d7 is amended-- 7,a7 by striking section #aeb7;d77#b77;,b7 and inserting section #ggjf7;d77#b77;,b71 and 7,b7 by striking section #aeb7;f77#a77;,b7 and inserting section #ggjf7;f77#a77;,b74 7#fe7 ,section #fdc7;a77#b7 is amended-- 7,a7 by striking 7relating to deduction for personal exemptions7 and inserting 7relating to basic deduction71 and 7,b7 by striking ,deduction for personal exemption in the heading thereof and inserting ,basic deduction4 7#ff7 ,section #gjc7;a77#b7 is amended by striking subparagraph 7,a7 and by redesignating subparagraphs 7,b7 through 7,f7 as subparagraphs 7,a7 through 7,e71 respectively4 7#fg7 ,section #hgd is amended by striking subsection 7b7 and by redesignating subsection 7c7 as subsection 7b74 7#fh7 ,section #hia is amended by striking under section #aea and4 7#fi7 ,section #ijd7;b77#a7 is amended to read as follows3 7#a7 ,deduction for estates and trusts ,for purposes of subsection 7a71 the taxable income of an estate or trust shall be computed without any deduction under section #fdb7;b74 4 7#gj7 ,section #ica7;b77#a7 is amended to read as follows3 7#a7 any deduction from gross income1 or 4 7#ga7 ,section #icc is amended-- 7,a7 by striking as a deduction from his gross income any deductions 7other than the deduction under section #aea1 relating to personal exemptions7 in paragraph 7#a7 and inserting any deduction from gross income1 and 7,b7 by striking as a deduction from his gross income any deductions 7other than the deduction for personal exemptions under section #aea7 in paragraph 7#b7 and inserting any deduction from gross income4 7#gb7 ,section #abab7;b77#b77;,b77ii7 is amended to read as follows3 7ii7 in the case of an estate or trust1 the deduction allowed for such year under section #fdb7;b74 4 7#gc7 ,section #acfa7;c77#a77;,c7 is amended by striking section #aeb7;f77#a77;,c7 and inserting section #ggjf7;f77#a77;,c74 7#gd7 ,section #adjb7;a7 is amended by striking paragraph 7#g74 7#ge7 ,section #bjcb;,a7c77#g77;,d7 is amended by striking section #aeb7;f77#b7 and inserting section #ggjf7;f77#b74 7#gf7 ,section #cdjb7;f77#a77;,a7 is amended by striking for whom a deduction is allowable with respect to another taxpayer under section #aea and inserting who is a dependent of another taxpayer4 7#gg7 ,section #cdjb7m77#a7 is amended by striking other than the deductions referred to in section #aea and4 7#gh7 ,section #cdjb7m77#c7 is amended by striking section #fc7;c77#c7 and inserting section #fc7;f74 7#gi7 ,section #cdjb7r77#b7 is amended by striking the sum of-- and all that follows and inserting the basic standard deduction 7as defined in section #fc7;c77 for an individual to whom section #fc7;c77#b77;,c7 applies44 7#hj7 ,section #ejjj;,a7b77#c77;,a7 is amended by striking section #aeb and inserting section #ggjf4 7#ha7 ,section #ejjj;,a7c77#d77;,a7 is amended by striking the number of individuals for whom the taxpayer is allowed a deduction under section #aea 7relating to allowance of deduction for personal exemptions7 for the taxable year and inserting the sum of #a 7#b in the case of a joint return7 plus the number of the taxpayer's dependents for the taxable year4 7#hb7 ,section #fjac7;b77#c77;,a7 is amended-- 7,a7 by striking had less than the exemption amount of gross income in clause 7ii7 and inserting had no gross income1 7,b7 by striking had gross income of the exemption amount or more in clause 7iii7 and inserting had any gross income1 and 7,c7 by striking the flush language following clause 7iii74 7#hc7 ,section #fjad7;a7 is amended by striking section #fjab7;a77#a77;,c77i7 and inserting section #fjab7;a77#a77;,b77iii74 7#hd7 ,section #fjad7;b77#d7 is amended by striking #fc7;c77#e7 and inserting #fc7;c77#d74 7#he7 ,section #fajc7l77#ac7 is amended-- 7,a7 in subparagraph 7,a71 by striking clause 7iv7 and redesignating clauses 7v7 and 7vi7 as clauses 7iv7 and 7v71 respectively1 and 7,b7 in subparagraph 7,c77i71 by striking clauses 7i7 through 7iv7 and inserting clauses 7i7 through 7iii74 7#hf7 ,section #fajc7l77#ba77;,a77iii7 is amended to read as follows3 7iii7 the number of the taxpayer's dependents1 4 7#hg7 ,section #fbac7;g77#b77;,h7 is amended by striking section #ba 7relating to expenses for household and dependent care services necessary for gainful employment7 or section #aea 7relating to allowance of deductions for personal exemptions7 and inserting subsection 7a77#a77;,b71 7b77#a77;,a77ii71 or 7b77#a77;,b7 of section #b or section #ba1 #ce7;d77#a77;,b71 #cf;,b7b77#c77;,b71 or #fc7;f77#b77;,b74 7#hh7 ,section #fccd7;d7 is amended-- 7,a7 by amending paragraph 7#b7 to read as follows3 7#b7 ,exempt amount 7,a7 ,in general ,for purposes of paragraph 7#a71 the term exempt amount means an amount equal to-- 7i7 the sum of the amount determined under subparagraph 7,b7 and the standard deduction1 divided by 7ii7 #eb4 7,b7 ,amount determined ,for purposes of subparagraph 7,a71 the amount determined under this subparagraph is-- 7i7 the dollar amount in effect under section #ggjf7;d77#a77;,b71 multiplied by 7ii7 the number of the taxpayer's dependents for the taxable year in which the levy occurs4 7,c7 ,verified statement ,unless the taxpayer submits to the ,secretary a written and properly verified statement specifying the facts necessary to determine the proper amount under subparagraph 7,a71 subparagraph 7,a7 shall be applied as if the taxpayer were a married individual filing a separate return with no dependents4 1 and 7,b7 by striking paragraph 7#d74 7#hi7 ,section #ggjb;,b7f77#b77;,c77iii7 is amended by striking section #aeb7;d77#b7 and inserting section #ggjf7;d77#b74 7#ij7 ,section #ggjc7;a7 is amended by striking part ,v of subchapter ,b of chapter #a and4 7#ia7 ,section #ggjc7;b77#a7 is amended by striking section #aeb7;f77#a77 and all that follows and inserting section #ggjf7;f77#a77 who is a dependent of such individual for the taxable year 7or would be but for section #ggjf7;e7714 7#ib7 ,section #ggjf7;a71 as redesignated by this section1 is amended by striking this subtitle and inserting this title4 7#ic7 7,a7 ,section #ggjf7;d77#a77;,b71 as redesignated by this section1 is amended by striking the exemption amount 7as defined in section #aea7;d77 and inserting #d1aej4 7,b7 ,section #ggjf7;d71 as redesignated by this section1 is amended by adding at the end the following new paragraph3 7#f7 ,inflation adjustment ,the #d1aej amount in paragraph 7#a77;,b7 shall be increased by an amount equal to-- 7,a7 such dollar amount1 multiplied by 7,b7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which such taxable year begins1 determined by substituting calendar year #bjag for calendar year #bjaf in subparagraph 7,a77ii7 thereof4 ,if any increase determined under the preceding sentence is not a multiple of #ej1 such increase shall be rounded to the next lowest multiple of #ej4 4 7#id7 ,section #ggjf7;e77#c71 as redesignated by this section1 is amended by inserting 7as in effect before its repeal7 after section #aea4 7#ie7 ,section #ggjf7;f77#f77;,b71 as redesignated by this section1 is amended by striking clause 7i7 and designating clauses 7ii71 7iii71 and 7iv7 as clauses 7i71 7ii71 and 7iii71 respectively4 7#if7 ,the table of parts for subchapter ,b of chapter #a is amended by striking the item relating to part ,v4 7#ig7 ,the table of sections for chapter #gi is amended by adding at the end the following new item3 ,sec4 #ggjf4 ,dependent defined4 4 7g7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #adb4 ,limitation on deduction for ,state and local1 etc41 taxes 7a7 ,in general ,section #afd7;b77#f7 is amended by striking all that precedes ,the preceding sentence and inserting the following3 7#f7 ,limitation on individual deductions ,in the case of an individual-- 7,a7 no deduction shall be allowed under this chapter for foreign real property taxes paid or accrued during the taxable year1 and 7,b7 the aggregate amount of the deduction allowed under this chapter for taxes described in paragraphs 7#a71 7#b71 and 7#c7 of subsection 7a7 and paragraph 7#e7 of this subsection 7and any tax described in any such paragraph taken into account under section #baf7;a77#a77 paid or accrued by the taxpayer during the taxable year shall not exceed #aj1jjj 7#e1jjj in the case of a married individual filing a separate return74 4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #adc4 ,limitation on deduction for qualified residence interest 7a7 ,interest on home equity indebtedness ,section #afc7;h77#c77;,a7 is amended by striking during the taxable year on and all that follows through residence of the taxpayer4 and inserting during the taxable year on acquisition indebtedness with respect to any qualified residence of the taxpayer44 7b7 ,limitation on acquisition indebtedness ,section #afc7;h77#c77;,b77ii7 is amended to read as follows3 7ii7 ,limitation ,the aggregate amount treated as acquisition indebtedness for any period shall not exceed the excess 7if any7 of-- 7,i7 #gej1jjj 7#cge1jjj1 in the case of a married individual filing a separate return71 over 7,,ii7 the sum of the aggregate outstanding pre-,october #ac1 #aihg1 indebtedness 7as defined in subparagraph 7,d77 plus the aggregate outstanding pre-,december #ae1 #bjag1 indebtedness 7as defined in subparagraph 7,c774 4 7c7 ,treatment of indebtedness incurred on or before ,december #ae1 #bjag ,section #afc7;h77#c77;,c7 is amended to read as follows3 7,c7 ,treatment of indebtedness incurred on or before ,december #ae1 #bjag 7i7 ,in general ,in the case of any pre-,december #ae1 #bjag1 indebtedness1 subparagraph 7,b77ii7 shall not apply and the aggregate amount of such indebtedness treated as acquisition indebtedness for any period shall not exceed the excess 7if any7 of-- 7,i7 #a1jjj1jjj 7#ejj1jjj1 in the case of a married individual filing a separate return71 over 7,,ii7 the aggregate outstanding pre-,october #ac1 #aihg1 indebtedness 7as defined in subparagraph 7,d774 7ii7 ,pre-,december #ae1 #bjag1 indebtedness ,for purposes of this subparagraph-- 7,i7 ,in general ,the term pre-,december #ae1 #bjag1 indebtedness means indebtedness 7other than pre-,october #ac1 #aihg1 indebtedness7 incurred on or before ,december #ae1 #bjag4 7,,ii7 ,binding written contract exception ,in the case of a taxpayer who enters into a written binding contract before ,december #ae1 #bjag1 to close on the purchase of a principal residence before ,january #a1 #bjah1 and who purchases such residence before ,april #a1 #bjah1 the term pre-,december #ae1 #bjag1 indebtedness shall include indebtedness secured by such residence4 7iii7 ,refinancing indebtedness 7,i7 ,in general ,in the case of any indebtedness which is incurred to refinance indebtedness1 such refinanced indebtedness shall be treated for purposes of this subparagraph as incurred on the date that the original indebtedness was incurred to the extent the amount of the indebtedness resulting from such refinancing does not exceed the amount of the refinanced indebtedness4 7,,ii7 ,limitation on period of refinancing ,subclause 7,i7 shall not apply to any indebtedness after the expiration of the term of the original indebtedness or1 if the principal of such original indebtedness is not amortized over its term1 the expiration of the term of the #ast refinancing of such indebtedness 7or if earlier1 the date which is #cj years after the date of such #ast refinancing74 4 7d7 ,coordination with treatment of indebtedness incurred on or before ,october #ac1 #aihg ,section #afc7;h77#c77;,d7 is amended-- 7#a7 by striking clause 7ii7 and redesignating clauses 7iii7 and 7iv7 as clauses 7ii7 and 7iii71 respectively1 and 7#b7 in clause 7iii7 7as so redesignated7-- 7,a7 by striking clause 7iii7 in the matter preceding subclause 7,i7 and inserting clause 7ii71 and 7,b7 by striking clause 7iii77,i7 in subclauses 7,i7 and 7,,ii7 and inserting clause 7ii77,i74 7e7 ,coordination with exclusion of income from discharge of indebtedness ,section #ajh7;h77#b7 is amended by striking applied by substituting #gej1jjj 7#cge1jjj for #a1jjj1jjj 7#ejj1jjj in clause 7ii7 thereof and4 7f7 ,conforming amendment ,section #afc7;h77#c7 is amended by striking subparagraph 7,f74 7g7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #add4 ,modification of deduction for personal casualty losses 7a7 ,in general ,section #afe7;h77#e77;,a7 is amended by striking in a taxable year beginning after ,december #ca1 #bjag1 and before ,january #a1 #bjbf14 7b7 ,conforming amendments 7#a7 ,section #afe7;h77#e77;,b7 is amended by striking for any taxable year to which subparagraph 7,a7 applies4 7#b7 ,section #afe7;h77#e7 is amended by striking for taxable years #bjah through #bjbe in the heading thereof and inserting to losses attributable to ,federally declared disasters4 7c7 ,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 ,act4 #ade4 ,termination of miscellaneous itemized deductions 7a7 ,in general ,section #fg is amended-- 7#a7 by amending subsection 7a7 to read as follows3 7a7 ,in general ,in the case of an individual1 miscellaneous itemized deductions shall not be allowed4 1 and 7#b7 by striking subsection 7g74 7b7 ,movement of definition of adjusted gross income for estates and trusts 7#a7 ,section #fg is amended by striking subsection 7e74 7#b7 ,section #fda is amended by adding at the end the following new subsection3 7d7 ,computation of adjusted gross income ,for purposes of this title1 the adjusted gross income of an estate or trust shall be computed in the same manner as in the case of an individual1 except that-- 7#a7 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 incurred if the property were not held in such trust or estate1 and 7#b7 the deductions allowable under sections #fdb7;b71 #fea1 and #ffa1 shall be treated as allowable in arriving at adjusted gross income4 4 7c7 ,conforming amendments 7#a7 ,section #ef7;b77#a77;,a7 is amended to read as follows3 7,a7 ,certain taxes ,no deduction 7other than a deduction allowable in computing adjusted gross income7 shall be allowed for any taxes described in paragraph 7#a71 7#b71 or 7#c7 of section #afd7;a7 or clause 7ii7 of section #afd7;b77#e77;,a74 4 7#b7 ,section #ef7;b77#a77;,c71 as amended by the preceding provisions of this ,act1 is amended by striking subparagraph 7,a77ii7 and inserting subparagraph 7,a74 7#c7 ,section #fb7;a7 is amended by striking subtitle in the matter preceding paragraph 7#a7 and inserting title4 7#d7 ,section #fda7;c77#b77;,e7 is amended to read as follows3 7,e7 ,section #fdb7;c7 shall not apply4 4 7#e7 ,section #adaa7;a77#b7 is amended by striking 7as defined in section #fg7;e774 7#f7 ,section #ffed7;d77#a77;,c7 is amended by striking clause 7iii74 7#g7 ,section #fg is amended in the heading1 by striking #b-percent floor on and inserting ,denial of4 7#h7 ,the table of sections for part #a of subchapter ,b of chapter #a is amended by striking the item relating to section #fg and inserting the following new item3 ,sec4 #fg4 ,denial of miscellaneous itemized deductions4 4 7d7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #adf4 ,repeal of overall limitation on itemized deductions 7a7 ,in general ,part #a of subchapter ,b of chapter #a is amended by striking section #fh 7and the item relating to such section in the table of sections for such part74 7b7 ,conforming amendments 7#a7 ,section #ef7;b77#a71 as amended by the preceding provisions of this ,act1 is amended by striking subparagraph 7,e74 7#b7 ,section #afd7;b77#e77;,h77ii77,,iii7 is amended by striking 7as determined under section #fh7;b774 7#c7 ,section #afd7;b77#e77;,h7 is amended by adding at the end the following new clause3 7iii7 ,applicable amount defined ,for purposes of clause 7ii71 the term applicable amount means-- 7,i7 #cjj1jjj in the case of a joint return or a surviving spouse1 7,,ii7 #bge1jjj in the case of a head of household1 7,,iii7 #bej1jjj in the case of an individual who is not married and who is not a surviving spouse or head of household1 and 7,,iv7 the amount applicable under subclause 7,i7 in the case of a married individual filing a separate return4 ,for purposes of this paragraph1 marital status shall be determined under section #ggjc4 ,in the case of any taxable year beginning in calendar years after the date of the enactment of this clause1 each of the dollar amounts in this clause shall be increased by an amount equal to such dollar amount1 multiplied by the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 determined by substituting #bjab for #bjaf in subparagraph 7,a77ii7 thereof4 ,if any amount after adjustment under the preceding sentence is not a multiple of #ej1 such amount shall be rounded to the next lowest multiple of #ej4 4 7c7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #adg4 ,termination of exclusion for qualified bicycle commuting reimbursement 7a7 ,in general ,section #acb7;f77#a7 is amended by striking subparagraph 7,d74 7b7 ,conforming amendments 7#a7 ,section #acb7;f77#b7 is amended by adding and at the end of subparagraph 7,a71 striking 1 and at the end of subparagraph 7,b7 and inserting a period1 and striking subparagraph 7,c74 7#b7 ,section #acb7;f77#d7 is amended by striking 7other than a qualified bicycle commuting reimbursement74 7#c7 ,section #acb7;f7 is amended by striking paragraph 7#h74 7#d7 ,section #bgd7l77#b7 is amended by striking after ,december #ca1 #bjag1 and before ,january #a1 #bjbf4 7c7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #adh4 ,qualified moving expense reimbursement exclusion limited to members of ,armed ,forces 7a7 ,in general ,section #acb7;g7 is amended-- 7#a7 by striking by an individual in paragraph 7#a7 and inserting by a qualified military individual1 and 7#b7 by striking paragraph 7#b7 and inserting the following new paragraph3 7#b7 ,qualified military individual ,for purposes of this subsection1 the term qualified military individual means 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 station4 4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #adi4 ,deduction for moving expenses limited to members of ,armed ,forces 7a7 ,in general ,section #bag is amended-- 7#a7 by amending subsection 7a7 to read as follows3 7a7 ,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 station4 1 7#b7 by striking subsections 7c71 7d71 7f71 7g71 and 7k7 and redesignating subsections 7h71 7i71 and 7j7 as subsections 7c71 7d71 and 7f71 respectively1 and 7#c7 by inserting after subsection 7d71 as so redesignated1 the following new subsection3 7e7 ,expenses furnished ,in-,kind ,any moving and storage expenses which are furnished in-kind 7or for which reimbursement or an allowance is provided1 but only to the extent of the expenses paid or incurred7-- 7#a7 to a member described in subsection 7a71 or to such member's spouse or dependents1 shall not be includible in gross income1 and no reporting with respect to such expenses shall be required by the ,secretary of ,defense or the ,secretary of ,transportation1 as the case may be1 and 7#b7 to the spouse and dependents of a member described in subsection 7a7 with regard to moving to a location other than the one to which such member moves 7or from a location other than the one from which such member moves71 this section shall apply with respect to the moving expenses of such spouse and dependents as if such spouse were a member described in subsection 7a74 4 7b7 ,conforming amendments 7#a7 ,subsections 7d77#c77;,c7 and 7e7 of section #bc are each amended by striking section #bag7;h77#c7 and inserting section #bag7;c77#c74 7#b7 ,section #ghgb7;f7 is amended by striking paragraph 7#aa74 7#c7 ,section #bag is amended in the heading by striking ,moving expenses and inserting ,certain moving expenses of members of ,armed ,forces4 7#d7 ,the table of sections for part ,,vii of subchapter ,b of chapter #a is amended by striking the item relating to section #bag and inserting the following new item3 ,sec4 #bag4 ,certain moving expenses of members of ,armed ,forces4 4 7c7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #aej4 ,limitation on wagering losses 7a7 ,in general ,section #afe7;d7 is amended by striking in the case of taxable years beginning after ,december #ca1 #bjag1 and before ,january #a1 #bjbf14 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 ,f ,increase in estate and gift tax exemption #aea4 ,increase in estate and gift tax exemption 7a7 ,in general ,section #bjaj7;c77#c7 is amended in subparagraph 7,a71 by striking #e1jjj1jjj and inserting #aj1jjj1jjj4 7b7 ,conforming amendment ,section #bjaj7;c77#c7 is amended by striking subparagraph 7,c74 7c7 ,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 ,act4 ,,ii ,increased exemption for ,alternative ,minimum ,tax made permanent #bja4 ,increased exemption for individuals 7a7 ,in general ,section #ee7;d77#a7 is amended-- 7#a7 by striking #gh1gej in subparagraph 7,a7 and inserting #aji1djj1 and 7#b7 by striking #ej1fjj in subparagraph 7,b7 and inserting #gj1cjj4 7b7 ,phase-,out of exemption amount ,section #ee7;d77#b7 is amended-- 7#a7 by striking #aej1jjj in subparagraph 7,a7 and inserting #a1jjj1jjj1 and 7#b7 by striking subparagraphs 7,b7 and 7,c7 and by inserting the following new subparagraphs3 7,b7 #ej percent of the dollar amount applicable under subparagraph 7,a7 in the case of a taxpayer described in paragraph 7#a77;,b7 or 7#a77;,c71 and 7,c7 #ge1jjj in the case of a taxpayer described in paragraph 7#a77;,d74 4 7c7 ,inflation adjustment ,section #ee7;d77#c7 is amended to read as follows3 7#c7 ,inflation adjustment ,each dollar amount described in clause 7i7 or 7ii7 of subparagraph 7,b7 shall be increased by an amount equal to-- 7,a7 such dollar amount1 multiplied by 7,b7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 determined by substituting-- 7i7 in the case of a dollar amount contained in paragraph 7#a77;,d7 or 7#b77;,c7 or in subsection 7b77#a77;,a71 calendar year #bjaa for calendar year #bjaf in subparagraph 7,a77ii7 thereof1 and 7ii7 in the case of a dollar amount contained in paragraph 7#a77;,a71 7#a77;,b71 or 7#b77;,a71 calendar year #bjag for calendar year #bjaf in subparagraph 7,a77ii7 thereof4 ,any increased amount determined under this paragraph shall be rounded to the nearest multiple of #ajj 7#ej in the case of the dollar amount contained in paragraph 7#b77;,c774 4 7d7 ,repeal of coordination with rules relating to the taxation of unearned children ,section #ei is amended by striking subsection 7j74 7e7 ,conforming amendment ,section #ee7;d7 is amended by striking paragraph 7#d74 7f7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4