Inflation Adjusted Items for Certain Years
For inflation adjustment of certain items in this section, see Revenue Procedures listed in a table under section 1 of this title.
Editorial Notes
References in Text
The Railroad Retirement Act, referred to in subsec. (a)(6), is act Aug. 29, 1935, ch. 812, as amended generally by Pub. L. 93–445, title I, § 101, Oct. 16, 1974, 88 Stat. 1305, known as the Railroad Retirement Act of 1974, which is classified generally to subchapter IV (§ 231 et seq.) of chapter 9 of Title 45, Railroads. For further details and complete classification of this Act to the Code, see Codification note set out preceding section 231 of Title 45, section 231t of Title 45, and Tables.
The Railroad Unemployment Insurance Act, referred to in subsec. (a)(6), is act June 25, 1938, ch. 680, 52 Stat. 1094, which is classified principally to chapter 11 (§ 351 et seq.) of Title 45. For complete classification of this Act to the Code, see section 367 of Title 45 and Tables.
The Social Security Act, referred to in subsecs. (a)(11)(A) and (c), is act Aug. 14, 1935, ch. 531, 49 Stat. 620. Titles IV and XVI of the Social Security Act are classified generally to subchapters IV (§ 601 et seq.) and XVI (§ 1381 et seq.), respectively, of chapter 7 of Title 42, The Public Health and Welfare. Section 207 of the Social Security Act is classified to section 407 of Title 42. For complete classification of this Act to the Code, see section 1305 of Title 42 and Tables.
The Job Training Partnership Act, referred to in subsec. (a)(12), is Pub. L. 97–300, Oct. 13, 1982, 96 Stat. 1322, which was classified generally to chapter 19 (§ 1501 et seq.) of Title 29, Labor, and was repealed by Pub. L. 105–220, title I, § 199(b)(2), (c)(2)(B), Aug. 7, 1998, 112 Stat. 1059, effective July 1, 2000. Pursuant to former section 2940(b) of Title 29, references to a provision of the Job Training Partnership Act, effective Aug. 7, 1998, were deemed to refer to that provision or the corresponding provision of the Workforce Investment Act of 1998, Pub. L. 105–220, Aug. 7, 1998, 112 Stat. 936, and, effective July 1, 2000, were deemed to refer to the corresponding provision of the Workforce Investment Act of 1998. The Workforce Investment Act of 1998 was repealed by Pub. L. 113–128, title V, § 511(a), July 22, 2014, 128 Stat. 1705, effective July 1, 2015. Pursuant to section 3361(a) of Title 29, references to a provision of the Workforce Investment Act of 1998 are deemed to refer to the corresponding provision of the Workforce Innovation and Opportunity Act, Pub. L. 113–128, July 22, 2014, 128 Stat. 1425, effective July 1, 2015. For complete classification of the Job Training Partnership Act and the Workforce Investment Act of 1998 to the Code, see Tables. For complete classification of the Workforce Innovation and Opportunity Act to the Code, see Short Title note set out under section 3101 of Title 29 and Tables.
Amendments
2018—Subsec. (a)(10)(A). Pub. L. 115–141 substituted “V, or VI” for “V,, or VI”.
2017—Subsec. (d)(4). Pub. L. 115–97, § 11041(d), added par. (4).
Subsec. (g)(1)(B). Pub. L. 115–97, § 11002(d)(1)(II), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in subparagraph (B)”.
1998—Subsec. (a)(2). Pub. L. 105–206, § 3431(a), substituted “$6,250” for “$2,500”.
Subsec. (a)(3). Pub. L. 105–206, § 3431(b), substituted “$3,125” for “$1,250”.
Subsec. (a)(13). Pub. L. 105–206, § 3445(a), amended heading and text of par. (13) generally. Prior to amendment, text read as follows: “Except to the extent provided in subsection (e), the principal residence of the taxpayer (within the meaning of section 121).”
Subsec. (e). Pub. L. 105–206, § 3445(b), amended heading and text of subsec. (e) generally. Prior to amendment, text read as follows: “Property described in subsection (a)(13) shall not be exempt from levy if—
“(1) a district director or assistant district director of the Internal Revenue Service personally approves (in writing) the levy of such property, or
“(2) the Secretary finds that the collection of tax is in jeopardy.”
Subsec. (g)(1). Pub. L. 105–206, § 3431(c)(1), substituted “1999” for “1997” in introductory provisions.
Subsec. (g)(1)(B). Pub. L. 105–206, § 3431(c)(2), substituted “1998” for “1996”.
1997—Subsec. (a)(11)(A). Pub. L. 105–33, § 5514(a)(3), made technical amendment to directory language of Pub. L. 104–193, § 110(l)(3). See 1996 Amendment note below.
Subsec. (a)(13). Pub. L. 105–34, § 312(d)(1), substituted “section 121” for “section 1034”.
Subsecs. (f), (g). Pub. L. 105–34 added subsec. (f) and redesignated former subsec. (f) as (g).
1996—Subsec. (a)(2). Pub. L. 104–168, § 502(a), substituted “So” for “If the taxpayer is the head of a family, so”, “the taxpayer’s household” for “his household”, and “$2,500” for “$1,650 ($1,550 in the case of levies issued during 1989)”.
Subsec. (a)(3). Pub. L. 104–168, § 502(b), substituted “$1,250” for “$1,100 ($1,050 in the case of levies issued during 1989)”.
Subsec. (a)(11)(A). Pub. L. 104–193, § 110(l)(3), formerly § 110(l)(6), as renumbered and amended by Pub. L. 105–33, struck out “(relating to aid to families with dependent children)” after “title IV”.
Subsec. (f). Pub. L. 104–168, § 502(c), added subsec. (f).
1991—Subsec. (a)(6). Pub. L. 102–83 substituted “1562” for “562”.
1988—Subsec. (a)(2). Pub. L. 100–647, § 6236(c)(1), substituted “$1,650 ($1,550 in the case of levies issued during 1989)” for “$1,500”.
Subsec. (a)(3). Pub. L. 100–647, § 6236(c)(2), substituted “$1,100 ($1,050 in the case of levies issued during 1989)” for “$1,000”.
Subsec. (a)(10)(A). Pub. L. 100–647, § 1015(o)(1), substituted “III, IV, V,” for “IV” and added “or” at end.
Subsec. (a)(10)(B), (C). Pub. L. 100–647, § 1015(o)(2), (3), redesignated subpar. (C) as (B) and substituted “13, 21, 23” for “21”, and struck out former subpar. (B), which read as follows: “subchapter I, II, or III of chapter 19 of such title 38, or”.
Subsec. (a)(11) to (13). Pub. L. 100–647, § 6236(c)(4)(A), added pars. (11) to (13).
Subsec. (d)(1). Pub. L. 100–647, § 6236(c)(3)(A), amended par. (1) generally, striking out after introductory provisions the following definition of exempt amount:
“(A) $75, plus
“(B) $25 for each individual who is specified in a written statement which is submitted to the person on whom notice of levy is served and which is verified in such manner as the Secretary shall prescribe by regulations and—
“(i) over half of whose support for the payroll period was received from the taxpayer,
“(ii) who is the spouse of the taxpayer, or who bears a relationship to the taxpayer specified in paragraphs (1) through (9) of section 152(a) (relating to definition of dependents), and
“(iii) who is not a minor child of the taxpayer with respect to whom amounts are exempt from levy under subsection (a)(8) for the payroll period.
For purposes of subparagraph (B)(ii) of the preceding sentence, ‘payroll period’ shall be substituted for ‘taxable year’ each place it appears in paragraph (9) of section 152(a).”
Subsec. (d)(2), (3). Pub. L. 100–647, § 6236(c)(3)(B), added par. (2) and redesignated former par. (2) as (3).
Subsec. (e). Pub. L. 100–647, § 6236(c)(4)(B), added subsec. (e).
1986—Subsec. (a)(10). Pub. L. 99–514 added par. (10).
1984—Subsec. (c). Pub. L. 98–369 inserted “(including section 207 of the Social Security Act)”.
1982—Subsec. (a)(2). Pub. L. 97–248, § 347(a)(1), substituted “$1,500” for “$500”.
Subsec. (a)(3). Pub. L. 97–248, § 347(a)(2), substituted “$1,000” for “$250”.
Subsec. (d)(1)(A). Pub. L. 97–248, § 347(a)(3)(A), substituted “$75” for “$50”.
Subsec. (d)(1)(B). Pub. L. 97–248, § 347(a)(3)(B), substituted “$25” for “$15”.
1976—Subsec. (a)(8). Pub. L. 94–455, § 1209(c), substituted “Judgments for support of minor children” for “Salary, wages, or other income” in heading.
Subsec. (a)(9). Pub. L. 94–455, § 1209(a), added par. (9).
Subsec. (b). Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”.
Subsec. (d). Pub. L. 94–455, § 1209(b), added subsec. (d).
1969—Subsec. (a)(8). Pub. L. 91–172 added par. (8).
1966—Subsec. (a)(4). Pub. L. 89–719, § 104(c)(1), struck out “or Territory” after “of any State”.
Subsec. (a)(6), (7). Pub. L. 89–719, § 104(c)(2), added pars. (6) and (7).
1965—Subsec. (a)(5). Pub. L. 89–44 added par. (5).
1958—Subsec. (a)(4). Pub. L. 85–840 added par. (4).
Statutory Notes and Related Subsidiaries
Change of Name
Reference to United States magistrate or to magistrate deemed to refer to United States magistrate judge pursuant to section 321 of Pub. L. 101–650, set out as a note under section 631 of Title 28, Judiciary and Judicial Procedure.
Effective Date of 2017 Amendment
Amendment by section 11002(d)(1)(II) of Pub. L. 115–97 applicable to taxable years beginning after Dec. 31, 2017, see section 11002(e) of Pub. L. 115–97, set out as a note under section 1 of this title.
Amendment by section 11041(d) of Pub. L. 115–97 applicable to taxable years beginning after Dec. 31, 2017, see section 11041(f)(1) of Pub. L. 115–97, set out as a note under section 151 of this title.
Effective Date of 1998 Amendment
Pub. L. 105–206, title III, § 3431(d), July 22, 1998, 112 Stat. 758, provided that:
“The amendments made by this section [amending this section] shall take effect with respect to levies issued after the date of the enactment of this Act [July 22, 1998].”
Pub. L. 105–206, title III, § 3445(d), July 22, 1998, 112 Stat. 763, provided that:
“The amendments made by this section [amending this section] shall take effect on the date of the enactment of this Act [July 22, 1998].”
Effective Date of 1997 Amendments
Amendment by section 312(d)(1) of Pub. L. 105–34 applicable to sales and exchanges after May 6, 1997, with certain exceptions, see section 312(d) of Pub. L. 105–34, set out as a note under section 121 of this title.
Pub. L. 105–34, title X, § 1025(b), Aug. 5, 1997, 111 Stat. 924, provided that:
“The amendment made by subsection (a) [amending this section] shall apply to levies issued after the date of the enactment of this Act [Aug. 5, 1997].”
Amendment by Pub. L. 105–33 effective as if included in section 110 of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996, Pub. L. 104–193, at the time such section 110 became law, see section 5518(c) of Pub. L. 105–33, set out as a note under section 51 of this title.
Effective Date of 1996 Amendments
Amendment by section 110(l)(3) of Pub. L. 104–193 effective July 1, 1997, with transition rules relating to State options to accelerate such date, rules relating to claims, actions, and proceedings commenced before such date, rules relating to closing out of accounts for terminated or substantially modified programs and continuance in office of Assistant Secretary for Family Support, and provisions relating to termination of entitlement under AFDC program, see section 116 of Pub. L. 104–193, as amended, set out as an Effective Date note under section 601 of Title 42, The Public Health and Welfare.
Pub. L. 104–168, title V, § 502(d), July 30, 1996, 110 Stat. 1461, provided that:
“The amendments made by this section [amending this section] shall take effect with respect to levies issued after December 31, 1996.”
Effective Date of 1988 Amendment
Pub. L. 100–647, title I, § 1015(o), Nov. 10, 1988, 102 Stat. 3572, provided that the amendment made by that section is effective with respect to levies made after Dec. 31, 1988.
Amendment by section 6236(c) of Pub. L. 100–647 applicable to levies issued on or after July 1, 1989, see section 6236(h)(1) of Pub. L. 100–647, set out as a note under section 6331 of this title.
Effective Date of 1986 Amendment
Pub. L. 99–514, title XV, § 1565(b), Oct. 22, 1986, 100 Stat. 2763, provided that:
“The amendment made by this section [amending this section] shall apply to amounts payable after December 31, 1986.”
Effective Date of 1984 Amendment
Amendment by Pub. L. 98–369 effective as though included in the enactment of the Social Security Amendments of 1983, Pub. L. 98–21, see section 2664(a) of Pub. L. 98–369, set out as a note under section 401 of Title 42, The Public Health and Welfare.
Effective Date of 1982 Amendment
Pub. L. 97–248, title III, § 347(b), Sept. 3, 1982, 96 Stat. 638, provided that:
“The amendments made by subsection (a) [amending this section] shall apply to levies made after December 31, 1982.”
Effective Date of 1976 Amendment
Pub. L. 94–455, title XII, § 1209(e), Oct. 4, 1976, 90 Stat. 1711, as amended by Pub. L. 94–528, § 2(c), Oct. 17, 1976, 90 Stat. 2483, provided that:
“The amendments made by this section [amending this section and sections 6331 and 6332 of this title] shall apply only with respect to levies made after February 28, 1977.”
Effective Date of 1969 Amendment
Pub. L. 91–172, title IX, § 945(b), Dec. 30, 1969, 83 Stat. 729, provided that:
“The amendment made by subsection (a) [amending this section] shall apply with respect to levies made 30 days or more after the date of the enactment of this Act [Dec. 30, 1969].”
Effective Date of 1966 Amendment
Amendment by Pub. L. 89–719 applicable after Nov. 2, 1966, regardless of when title or lien of United States arose or when lien or interest of another person was acquired, with certain exceptions, see section 114(a)–(c) of Pub. L. 89–719, set out as a note under section 6323 of this title.
Effective Date of 1965 Amendment
Pub. L. 89–44, title VIII, § 812(b), June 21, 1965, 79 Stat. 170, provided that:
“The amendment made by subsection (a) [amending this section] shall take effect on the date of the enactment of this Act [June 21, 1965].”
Transfer of Functions
For transfer of authorities, functions, personnel, and assets of the Coast Guard, including the authorities and functions of the Secretary of Transportation relating thereto, to the Department of Homeland Security, and for treatment of related references, see sections 468(b), 551(d), 552(d), and 557 of Title 6, Domestic Security, and the Department of Homeland Security Reorganization Plan of November 25, 2002, as modified, set out as a note under section 542 of Title 6.
State Fish and Wildlife Permits
Pub. L. 105–206, title III, § 3445(c), July 22, 1998, 112 Stat. 763, provided that:
“(1) In general.—
With respect to permits issued by a State and required under State law for the harvest of fish or wildlife in the trade or business of an individual taxpayer, the term ‘other assets’ as used in section 6334(e)(2) of the Internal Revenue Code of 1986 shall include future income which may be derived by such taxpayer from the commercial sale of fish or wildlife under such permit.
“(2) Construction.—
Paragraph (1) shall not be construed to invalidate or in any way prejudice any assertion that the privilege embodied in permits described in paragraph (1) is not property or a right to property under the Internal Revenue Code of 1986.”
As a tax professional specializing in inflation adjustments and tax code comprehension, I have a comprehensive understanding of the Internal Revenue Code (IRC) and its various provisions, including those related to inflation-adjusted items for certain years. My expertise includes interpreting tax laws, understanding the adjustments made for inflation, and their implications on various financial matters.
Regarding the information provided in the excerpt you shared, it seems to relate to specific amendments and references within the Internal Revenue Code. It discusses adjustments made to various monetary figures over time due to inflation, affecting aspects such as exemptions, levies, and thresholds within the tax system.
To break it down:
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Amendments: The text highlights several amendments made to specific sections of the Internal Revenue Code, indicating changes to dollar amounts for exemptions, levies, and other relevant tax-related figures.
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References to Other Acts: The excerpt refers to acts like the Railroad Retirement Act of 1974, the Railroad Unemployment Insurance Act, the Social Security Act, and the Job Training Partnership Act, explaining their relevance to specific sections of the tax code.
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Inflation Adjustments: Throughout the text, adjustments to dollar amounts are mentioned. For instance, it outlines changes made to figures like exemptions for individuals, households, and other categories in different subsections of the code.
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Effective Dates: There are references to the effective dates of certain amendments, specifying when changes to the tax code would be applicable.
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Legislative Repeals and Transitions: The text also describes legislative actions, repeals, and transitions from one act to another, showing how amendments to the tax code might have been impacted by subsequent legislative acts.
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Technical Amendments and Terminologies: There are references to technical amendments and terminologies used within the tax code, such as the classifications of individuals or specific types of property subject to levies.
Overall, this excerpt details amendments, references to other acts, inflation adjustments, effective dates, legislative changes, and terminologies within the Internal Revenue Code, providing insights into how certain monetary figures are adjusted and how they impact taxpayers and their obligations.
