The figure grows with prices from 2027
What the document says“In the case of any calendar year after 2026, the dollar amount in subsection (a) shall be increased by an amount equal to--”
The section adds a new subsection (h) to section 6041 of the Internal Revenue Code of 1986 so that from a calendar year after 2026 the threshold rises by a cost of living adjustment measured from calendar year 2025, with any increase rounded to the nearest $100.
What the document actually says“In the case of any calendar year after 2026, the dollar amount in subsection (a) shall be increased by an amount equal to--”
From a calendar year after 2026 the figure grows. The way it grows follows below.
The rise follows a price measure in the tax code. Any rise is rounded to the nearest $100. Before 2027 the figure stays put.
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