Section 1. Short title
This Act may be cited as the Trump Tariff Rebate Act.
(a) In general
Section 63(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
(A) Increase in standard deduction
In the case of a taxable year beginning after December 31, 2025, and before January 1, 2028, the standard deduction shall be increased by the tariff rebate amount.
(B) Tariff rebate amount
For purposes of this paragraph, the tariff rebate amount is—
(i) $4,000 in the case of a joint return or a surviving spouse (as defined in section 2(a)),
(ii) $3,000 in the case of a head of household (as defined in section 2(b)), or
(iii) $2,000 in any other case.
(b) Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2025.