Debt Per Taxpayer Information Act

HR 8372, the Debt Per Taxpayer Information Act, requires the President's annual budget and congressional budget resolutions to include annual estimates of the pro rata share of federal debt per individual income tax filer. It also mandates that the IRS include specific federal debt information on employees' W-2 forms, listing total revenue, outlays, deficit, gross debt, and the estimated per-taxpayer debt amount for the prior fiscal year. This directly affects all individual income tax filers by providing them with this debt information annually on their W-2s, starting with forms for remuneration paid after December 31, 2023. The bill focuses on making federal debt data more visible to taxpayers through existing government documents without changing tax law or fiscal policy.