Special rules for taxable years beginning after 2017
In the case of a taxable year beginning after December 31, 2017 —
(A) Increase in standard deduction Paragraph (2) shall be applied— (i) by substituting “$23,625” for “$4,400” in subparagraph (B), and (ii) by substituting “$15,750” for “$3,000” in subparagraph (C).
(B) Adjustment for inflation (i) In general Paragraph (4) shall not apply to the dollar amounts contained in paragraphs (2)(B) and (2)(C). (ii) Adjustment of increased amounts In the case of a taxable year beginning after 2025, the $23,625 and $15,750 amounts in subparagraph (A) shall each 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 “2024” for “2016” in subparagraph (A)(ii) thereof. If any increase under this clause is not a multiple of $50, such increase shall be rounded to the next lowest multiple of $50.
(A)Increase in standard deduction#
Paragraph (2) shall be applied—
(i) by substituting “$23,625” for “$4,400” in subparagraph (B), and
(ii) by substituting “$15,750” for “$3,000” in subparagraph (C).
(A)(i)#
by substituting “$23,625” for “$4,400” in subparagraph (B), and
(A)(ii)#
by substituting “$15,750” for “$3,000” in subparagraph (C).
(B)Adjustment for inflation#
(i) In general Paragraph (4) shall not apply to the dollar amounts contained in paragraphs (2)(B) and (2)(C).
(ii) Adjustment of increased amounts In the case of a taxable year beginning after 2025, the $23,625 and $15,750 amounts in subparagraph (A) shall each 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 “2024” for “2016” in subparagraph (A)(ii) thereof.
If any increase under this clause is not a multiple of $50, such increase shall be rounded to the next lowest multiple of $50.
(B)(i)In general#
Paragraph (4) shall not apply to the dollar amounts contained in paragraphs (2)(B) and (2)(C).
(B)(ii)Adjustment of increased amounts#
In the case of a taxable year beginning after 2025, the $23,625 and $15,750 amounts in subparagraph (A) shall each 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 “2024” for “2016” in subparagraph (A)(ii) thereof.