3.0.0 4589 2022-12-29T18:48:40Z 2022-12-29T18:48:40Z Senate S 2022-07-21 117 ssfi00 Finance Committee Senate Standing Referred to 2022-07-21T18:07:57Z 2022-07-21 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2022-07-21 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N Taxation Taxation 00 2022-07-21 Introduced in Senate 2022-08-02T11:58:04Z 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.

]]> Family and Community Inflation Relief Act of 2022 Display Title Family and Community Inflation Relief Act of 2022 Short Title(s) as Introduced Family and Community Inflation Relief Act of 2022 Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to adjust certain credits and deductions for inflation. Introduced in Senate IS Introduced in Senate 2022-07-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4589is/xml/BILLS-117s4589is.xml 2022-07-21 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.