Malliotakis secures 8 tax provisions in Trump’s “One, Big, Beautiful Bill”
STATEN ISLAND, N.Y. -- Eight pieces of legislation that Rep. Nicole Malliotakis is involved with in Congress have been added to President Donald Trump’s “One, Big, Beautiful Bill.”
“Today is a great day for Staten Islanders and Brooklynites who are desperate for tax relief so they can keep more of their hard-earned money. I’m proud to have championed and successfully secured provisions into the tax package that will lower the taxes senior citizens pay on their Social Security income, increase the Standard Deduction and Child Tax Credit, and triple the State and Local Tax (SALT) deduction,” Malliotakis said in a written statement. “These provisions will save individuals and families thousands of dollars annually, and with today’s passage out of Committee, we are a step closer to delivering relief.”
According to a written statement from Malliotakis’s office, the “One, Big, Beautiful Bill includes the following:
Bonus Deduction for Seniors: This would increase the additional bonus deduction for seniors age 65 and over from $1,950 to $5,950 for single filers, and from $3,100 to $11,100 for married couples for individuals with an adjusted gross income less than $75,000 and couples with an AGI less than $150,000. This deduction phases down as adjusted gross incomes increase to $175,000 for individuals and $350,000 for married couples.
Expansion of the Child Tax Credit: This builds on the 2017 expansion by increasing the credit by an additional $500 to $2,500.
Increase for the SALT Deduction: Malliotakis proposed that the SALT deduction — currently at $10,000 — be boosted to $30,000, which would encompass 98% of NY-11. NY-11 is Malliotakis’s district, which is made up of Staten Island and South Brooklyn.
No Tax on Auto Loan Interest: This would make auto loan interest on American-made car loans fully deductible for American families.
Preventing the return of the Alternative Minimum Tax
The Employer Participation in Repayment Act:This extends tax-free employer reimbursement for students and college graduates. Originally enacted under the March 2020 CARES Act, this provision allows employers to provide up to $5,250 annually tax-free to cover student loan payments, tuition, books, and course-related supplies. It is currently set to expire at the end of 2025, and would be made permanent.
The Educational Choice for Children Act: This expands education freedom and opportunity for students. The legislation creates a tax credit for individuals and businesses that make charitable donations to nonprofit organizations offering scholarships. These scholarships help cover K–12 education expenses for qualified students attending public or private schools, including special needs programs.
Up standard deductions: This increases the standard deduction to further lower taxable income for hardworking taxpayers and families to $16,300 for individuals and $32,600 for married couples.