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Family and Community Inflation Relief Act of 2022

USA117th CongressS-4589| Senate 
| Updated: 7/21/2022
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Family and Community Inflation Relief Act of 2022 This bill provides for an inflation adjustment to the amount of (1) the child tax credit, (2) the tax credit for expenses for household and dependent care services, (3) the American Opportunity and Lifetime Learning tax credits, and (4) the tax deduction for interest on education loans. The bill grants the Internal Revenue Service authority to adjust the standard mileage rate for the use of an automobile for charitable purposes (such rate may not be less than the rate used for purposes of the medical expense deduction). It also extends for one year the suspension of the tax deduction for state and local taxes.
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Timeline
Jul 21, 2022
Introduced in Senate
Jul 21, 2022
Read twice and referred to the Committee on Finance.
  • July 21, 2022
    Introduced in Senate


  • July 21, 2022
    Read twice and referred to the Committee on Finance.

Taxation

Family and Community Inflation Relief Act of 2022

USA117th CongressS-4589| Senate 
| Updated: 7/21/2022
Family and Community Inflation Relief Act of 2022 This bill provides for an inflation adjustment to the amount of (1) the child tax credit, (2) the tax credit for expenses for household and dependent care services, (3) the American Opportunity and Lifetime Learning tax credits, and (4) the tax deduction for interest on education loans. The bill grants the Internal Revenue Service authority to adjust the standard mileage rate for the use of an automobile for charitable purposes (such rate may not be less than the rate used for purposes of the medical expense deduction). It also extends for one year the suspension of the tax deduction for state and local taxes.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 21, 2022
Introduced in Senate
Jul 21, 2022
Read twice and referred to the Committee on Finance.
  • July 21, 2022
    Introduced in Senate


  • July 21, 2022
    Read twice and referred to the Committee on Finance.
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted