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119-hr-4280119th CongressWALLET

Bipartisan Tax Fairness Act of 2025

Sponsored By: Representative Fitzpatrick, Brian K. [R-PA-1]

Introduced

Summary

This bill would permanently set a new, tiered individual income tax schedule with a top rate of 39.6 percent. It replaces current tax tables for all major filing statuses and takes effect for taxable years beginning after December 31, 2025.

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 0 benefits, 0 costs, 4 mixed.

New tax brackets for individuals

This bill would replace the federal income tax tables for single, joint, separate, and head of household filers. It would set seven rates: 10%, 12%, 22%, 24%, 32%, 35%, and a top 39.6%. For singles and heads of household, the top rate would apply over $1,000,000. For joint filers, it would apply over $2,000,000. Example thresholds include $9,525 (single) and $19,050 (married filing jointly). Your tax bill could go up or down depending on your income and filing status.

Indexing and start date for tax brackets

This bill would change how bracket amounts adjust for inflation and when the new tables start. It would use 2017 instead of 2016 in the formula. Most increases not a multiple of $25 would be rounded down; joint filers would use $50 for rounding. It would remove subsections (i) and (j) tied to prior rules. These changes would apply to tax years beginning after December 31, 2025.

New tax rates for estates and trusts

This bill would set a new tax table for estates and trusts. Income up to $2,550 would be taxed at 10%. Over $2,550 up to $9,150 would be $255 plus 24% of the excess. Over $9,150 up to $12,500 would be $1,839 plus 35% of the excess. Over $12,500 would be $3,011.50 plus 37% of the excess.

Small change to paycheck withholding

This bill would change one word in a withholding rule: “third lowest” would become “fourth lowest.” Employers and payors would use a different ranked rate when they calculate withholding on certain payments. This could slightly change some people’s take‑home pay starting with tax years after December 31, 2025.

Sponsors & CoSponsors

Sponsor

Fitzpatrick, Brian K. [R-PA-1]

PA • R

Cosponsors

  • Rep. Golden, Jared F. [D-ME-2]

    ME • D

    Sponsored 7/2/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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