HR 5012
115th Congress
House
Taxation
Income tax exclusion
Wages and earnings
Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018
Introduced: February 14, 2018
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 2018
Referred to the House Committee on Ways and Means.
Feb 14, 2018
Introduced in House
Plain-English summary
Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018
This bill excludes up to $2,500 of bonus income received by an employee in 2018 from being considered taxable earnings for the purpose of determining an employee's federal tax liability. The bill defines a "bonus" as wages paid in addition to the compensation ordinarily given, required, optioned, or obligated under an employment contract.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1