Congressman Blake Moore Secures Major Wins in the Tax Portion of the House Republican Reconciliation Bill
WASHINGTON – Congressman Blake Moore secured several major wins for families and workers in the House Ways and Means Committee's tax bill that will be part of the Republican reconciliation package. This tax bill, which passed through committee Wednesday morning, will fuel America’s economic growth, put America’s workers first, support rural communities, and bolster the American family. Most importantly, this bill will make the successful Tax Cuts and Jobs Act of 2017 permanent and keep taxes low for families, workers, and businesses.
“This process has been years in the making, and we are nearing the finish line to deliver real results for Utahns and all Americans,” said Congressman Blake Moore. “This bill expands the child tax credit, provides critical tax breaks for small businesses and the working class, and makes America more competitive on the global stage. Importantly, this bill makes the Tax and Jobs Act of 2017 permanent, preventing a massive tax hike on all Americans. I am grateful that my legislative initiatives to enhance the adoption and child tax credits, expand Health Savings Accounts, create investment accounts for young children, reinstate a charitable deduction, and improve section 179 for small businesses were included in the final, passed version. House Republican Leadership placed me on the Ways and Means Committee my sophomore term, and I used this runway to prepare for this very moment. I am proud of what my colleagues and I achieved to advance an aspirational, pro-growth agenda that better serves the American people.”
The provisions Congressman Moore successfully advanced include:
Extended and enhanced child tax credit
Permanently increases the child tax credit from $1,000 to $2000, indexes the CTC to inflation, and provides an additional $500 for families through 2028. Congressman Moore introduced the Family First Act to support hardworking parents and push for expansion of the child tax credit to account for inflation and rising costs impacting families. Nationwide, Utah enjoys the highest percentage of families with young children at home, and this provision will ensure Utah families doing the hard work of raising America’s future can keep more of their own money.
Enhancement of adoption tax credit
Makes the adoption tax credit partially refundable up to $5,000 (indexed for inflation) beginning in 2025. Congressman Moore reintroduced the bipartisan and bicameral Adoption Tax Credit Refundability Act of 2025 to help children find permanent, loving families by removing income as a barrier to adoption.
Increase in Health Savings Account (HSA) contribution limit
Allows individuals who make less than $75,000 ($150,000 for families) to annually contribute an additional $4,300 ($8,550 for families) each year to their HSA, indexed for inflation. Additional amounts are phased out for individuals making $100,000 annually ($200,000 for families). Congressman Moore also introduced the Advancing Health Savings Act to help patients access the benefits of their HSAs as soon as they are covered under an HSA-eligible high deductible health plan. His initiative, included in the tax bill, helps lower patients’ cost of care and empowers patients to take charge of their health care. Congressman Moore looks forward to building upon this HSA expansion by advancing his bipartisan Health Out-of-Pocket Expense (HOPE) Act to create a tax-advantaged account enabling millions of Americans to save for health care costs through individual and employer contributions.
Creation of Money Accounts for Growth and Advancement
Creates Money Accounts for Growth and Advancement (MAGA) accounts to demonstrate to American youth the power of capitalism and compounding interest. Beginning on January 1, 2026, parents of children under eight years old can open a MAGA investment account for their children. The government would seed accounts for newborns with a $1,000 federal deposit. These investment accounts would be eligible to receive contributions from family members, employers, nonprofits, and government entities, and will help set the next generation up for financial well-being.
Creation of tax credit for individuals who contribute to scholarship organizations
Creates a new tax credit for individuals' charitable contributions to tax-exempt organizations that provide scholarships to elementary and secondary school students. Congressman Moore was an original co-sponsor of the Educational Choice for Children’s Act to advance this policy.
Increased cap for small business expensing
Increases the maximum amount a small business owner may expense under section 179 to $2.5 million. Congressman Moore championed this effort through his Small Business Growth Act to support small business growth, help business owners attain the equipment necessary to grow their operations, and support their workforce.
Reinstate partial deduction for charitable contributions
Creates a temporary deduction for non-itemizing taxpayers up to $150 for single filers ($300 for married filing jointly) for charitable cash contributions for tax years 2025 through 2028. Congressman Moore reintroduced his bipartisan Charitable Act to encourage Americans to donate to charitable causes and support local communities, ensuring that every American who donates or tithes is able to benefit from both the standard deduction and the charitable deduction.
529 accounts extended to include career training and credentialing
Allows tax-exempt distributions from 529 savings plans to be used for postsecondary education, including career training and credentialing expenses. This will help students and workers who choose nontraditional academic paths prepare for the workforce.
Providing income tax exempt status to servicemembers serving in dangerous regions
Deems the Sinai Peninsula and Sahel region as qualified hazardous duty areas for tax purposes. The Qualified Hazardous Duty Pay Area designation allows U.S. military servicemembers deployed in dangerous areas to be exempted from federal income taxes. Congressman Moore introduced bipartisan legislation to extend this designation to servicemembers in the Sahel region.
Renews successful Opportunity Zone program
Delivers an additional $100 billion of investment over the next decade, making important enhancements for Opportunity Zones in rural distressed communities.
Other major provisions secured with Congressman Moore’s support by the House Ways and Means Committee include:
Lower tax rates overall
Makes permanent President Trump’s pro-family tax cuts from 2017, including lower tax rates and brackets, the doubled guaranteed standard deduction, the Alternative Minimum Tax relief for nearly 8 million filers, increased Death Tax Exemption for small businesses, and school choice and savings options for families and students.
Made in America
Enhances cost recovery for new manufacturing structures producing goods in America and will create nearly 300,000 jobs and boost wages by a full percentage point. This will also enhance cost recovery for new agricultural and farm investments in rural America and incentivize the expansion of new American production factories and growing operations.
Repealing Democrats’ 1099-K gig worker rule
Repeals the Democrats' requirement that all Venmo, PayPal, and gig transactions over $600 be reported to the IRS.
529 accounts extended to include elementary, secondary, and home school expenses
Allows tax-exempt distributions from 529 savings plans to be used for additional educational expenses for those enrolled at an elementary, secondary, or home school. Funds may be used for tuition, curriculum, books, instructional materials, online education, tutoring, therapies for students with disabilities, or other related costs.
Increased incentives for paid leave and childcare
Strengthens the Paid Family and Medical Leave Credit from the 2017 Tax Cuts and Jobs Act, quadruples the maximum Employer-Provided Childcare Credit, and creates additional relief for small businesses providing childcare.
Postponement of tax deadlines for hostages and individuals wrongfully detained abroad
Directs the IRS to disregard the time an individual is held hostage or wrongfully detained when determining penalties and requires the Secretary of the Treasury to establish a program to allow individuals to apply for a refund or abatement.
Lower the cost of borrowing for America’s farmers
Reduces the tax burden on interest income for loans secured by real property for agricultural production.
1099-MISC threshold increase
Lowers the administrative burden for small farmers and ranchers employing temporary and seasonal workers by increasing the payment reporting threshold from $600 to $2,000.
Tax relief for seniors
Allows middle- and low-income seniors to deduct an additional $4,000 per eligible filer with an income that does not exceed $75,000 ($150,000 for married filing jointly) and is available to itemizers and non-itemizers.
No tax on auto loan interest
Allows the average American family to fully deduct auto loan interest for American-made cars.
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