119th Congress
H.R. 557
Working Class Bonus Tax Relief Act of 2025
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Don Bacon(R-NE)
- Introduced
- Jan 20, 2025
- Policy area
- Taxation
- Committees
- House Committee on Ways and Means
- Official text
- Introduced in House · Congress.gov page
Cosponsors (0)
No cosponsors.
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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).
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 20, 2025 · House
Referred to the House Committee on Ways and Means. - Jan 20, 2025
Introduced in House