More 'breaking' news from Spidell:
As currently written:
- The increase would apply only to the 2023 tax year; and
- The $500,000 AGI threshold would be a cliff, meaning that MFJ taxpayers with $500,000 or more of AGI would still be limited to the $10,000 deduction.
The bill must still be passed by both the full House and the Senate.
HumanKind... Be Both
