Adjustment for inflation .—
In the case of taxable years beginning after December 31, 2024 , the $2,500 amount in clause (i)(II) shall be increased by an amount equal to—
(I)#
such dollar amount, multiplied by
(II)#
the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting “calendar year 2023” for “calendar year 2016” in subparagraph (A)(ii) thereof.