HR 557 · Working Class Bonus Tax Relief Act of 2025
Referred to the House Committee on Ways and Means.
- Introduced
- Jan 20, 2025
- Latest action
- Jan 20, 2025
- Sponsor
- Rep. Don Bacon [R-NE-2]
- Policy area
- Taxation
- Cosponsors
- 0
Summary
Working Class Bonus Tax Relief Act of 2025 This bill allows a tax deduction for bonuses received by an individual, subject to income limitations, through 2029. The amount of the deduction may not exceed 15% of the individual’s regular wages from the same employer. Further, the deduction is not allowed for individuals with annual adjusted gross income exceeding $100,000 (or $150,000 for heads of the household and $200,000 for married couples filing a joint return).
Recent actions
- Jan 20, 2025 Referred to the House Committee on Ways and Means.
- Jan 20, 2025 Introduced in House
- Jan 20, 2025 Introduced in House
Votes
No recorded votes are available for this bill.