Mom and Pop Tax Relief Act
The source supplies the latest action, but no lifecycle stage.
Latest action (7 May 2025): Referred to the House Committee on Ways and Means.
What this bill does
This bill, titled the "Mom and Pop Tax Relief Act," would modify the calculation of the qualified business income deduction for certain taxpayers. Specifically, it proposes to allow the deduction for the first $25,000 of qualified business income. It would also introduce an adjusted gross income limitation, reducing the deduction for taxpayers with adjusted gross income above $200,000 for single filers and $400,000 for joint filers. The bill also includes provisions related to loss carryover, the definition of a qualified trade or business, and other technical adjustments.
The changes would primarily affect individuals who own and operate a qualified trade or business. It aims to simplify the deduction and provide relief for smaller businesses. The bill would apply to taxable years beginning after December 31, 2025.
H.R. 3249 was introduced in the House of Representatives on May 7, 2025, and referred to the Committee on Ways and Means. As it has just been introduced, it has not yet progressed through the legislative process and would require committee review and passage by both the House and the Senate before potentially being sent to the President for signature.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
7 May 2025
Referred to the House Committee on Ways and Means.
Common questions
- What does H.R. 3249 do?
- This bill, titled the "Mom and Pop Tax Relief Act," would modify the calculation of the qualified business income deduction for certain taxpayers. Specifically, it proposes to allow the deduction for the first $25,000 of qualified business income. It would also introduce an adjusted gross income limitation, reducing the deduction for taxpayers with adjusted gross income above $200,000 for single filers and $400,000 for joint filers. The bill also includes provisions related to loss carryover, the definition of a qualified trade or business, and other technical adjustments. The changes would primarily affect individuals who own and operate a qualified trade or business. It aims to simplify the deduction and provide relief for smaller businesses. The bill would apply to taxable years beginning after December 31, 2025. H.R. 3249 was introduced in the House of Representatives on May 7, 2025, and referred to the Committee on Ways and Means. As it has just been introduced, it has not yet progressed through the legislative process and would require committee review and passage by both the House and the Senate before potentially being sent to the President for signature.
- Has H.R. 3249 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 3249. Check the latest action and official source below.
- Who sponsored H.R. 3249?
- H.R. 3249 was sponsored by Rep. Moore, Gwen [D-WI-4] (D-WI), with 8 cosponsors.
- What's the latest action on H.R. 3249?
- Referred to the House Committee on Ways and Means. (7 May 2025).
Related bills in Taxation
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RELA Act of 2026
More bills from Rep. Moore, Gwen [D-WI-4]
Executive Settlement Review Act
Rise Up for Child Care Act of 2026
Family Poverty is Not Child Neglect Act
Veteran’s Surviving Spouse Parity Act of 2026
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