About the bill
H.R. 6760 would make permanent the tax provisions for individuals and pass-through entities in the Tax Cuts and Jobs Act that otherwise be sunset after 2025, including:
- The lower rates of 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
- The doubling of the standard deduction to $12,000/$24,000, for single or joint filers, respectively.
- The doubling of the Child Tax Credit to $2,000 with up to $1,400 refundable.
- The retention of popular deductions like mortgage interest (capped at $750,000 for new homes), state and local taxes (SALT) (capped at $10,000), medical expenses, and charitable deductions.
- The 20% tax deduction for small business owners.
The provision extends the reduction of the threshold above which unreimbursed medical expenses may be deducted, so that this ...
Sponsor and status
Sponsor. Representative for Illinois's 13th congressional district. Republican.
Last Updated: Oct 1, 2018
Length: 67 pages
Statement of Administration Policy
President Donald Trump [R, 2017-2021]: H.R. 6760 – Protecting Family and Small Business Tax Cuts Act of 2018, H.R. 6757, Family Savings Act of 2018, and H.R. 6756, American Innovation Act of 2018 (Sep 2, 2018)
What legislators are saying
What stakeholders are saying
H.R. 6760 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 6760. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
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GovTrack.us. (2021). H.R. 6760 — 115th Congress: Protecting Family and Small Business Tax Cuts Act of 2018. Retrieved from https://www.govtrack.us/congress/bills/115/hr6760
“H.R. 6760 — 115th Congress: Protecting Family and Small Business Tax Cuts Act of 2018.” www.GovTrack.us. 2018. June 19, 2021 <https://www.govtrack.us/congress/bills/115/hr6760>
Protecting Family and Small Business Tax Cuts Act of 2018, H.R. 6760, 115th Cong..
|title=H.R. 6760 (115th)
|accessdate=June 19, 2021
|author=115th Congress (2018)
|date=September 10, 2018
|quote=Protecting Family and Small Business Tax Cuts Act of 2018
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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.