This bill, titled the "TCJA Permanency Act," proposes to make permanent a wide array of tax provisions affecting individuals, families, and small businesses that were originally enacted as part of the 2017 Tax Cuts and Jobs Act (TCJA). Many of these provisions were scheduled to expire, and this legislation aims to prevent their sunset by amending the Internal Revenue Code of 1986. A core component of the bill is the permanent establishment of the individual income tax rates and brackets that were introduced by the TCJA, including specific tax rate tables for various filing statuses. Furthermore, the bill makes permanent the increased standard deduction amounts , which significantly reduced the number of taxpayers itemizing deductions. For families, the bill permanently extends the increased Child Tax Credit , setting it at $2,000 per qualifying child and $500 for other qualifying dependents, with $1,400 of this credit refundable. It also permanently allows for increased contributions to ABLE accounts and permits rollovers to ABLE programs from 529 programs , benefiting individuals with disabilities. Small businesses would benefit from the permanent extension of the deduction for qualified business income (Section 199A) , allowing eligible pass-through entities to deduct up to 20% of their qualified business income. The bill also permanently retains the limitation on losses for non-corporate taxpayers. Several changes related to itemized deductions are also made permanent, including the repeal of the deduction for personal exemptions and the termination of miscellaneous itemized deductions . The bill permanently retains the $10,000 limitation on the deduction for State and local taxes (SALT cap) and the limitation on the deduction for qualified residence interest . In education, it permanently expands the use of 529 accounts to cover K-12 and homeschool expenses and reinstates the exclusion from income for student loan discharges due to death or disability after 2024. The legislation also permanently increases the estate and gift tax exemption to $10,000,000 and makes permanent the increased exemption amounts for the individual Alternative Minimum Tax (AMT) .