HR 9800
118th Congress
House
Taxation
Working Class Bonus Tax Relief Act of 2024
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2024
Referred to the House Committee on Ways and Means.
Sep 25, 2024
Introduced in House
Plain-English summary
Working Class Bonus Tax Relief Act of 2024
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).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1