Section 1. Short title
This Act may be cited as the Tax Relief for Middle Class Families Act of 2024.
(a) In general
Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking $10,000 ($5,000 in the case of a married individual filing a separate return) and inserting $100,000 (twice such amount in the case of a joint return).
(b) Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2023.