HR. 557In Committee
Working Class Bonus Tax Relief Act of 2025
Allows a tax deduction for employment bonuses through 2029, capped by wages from the same employer and limited by taxpayer income
Plain-English overview
What this bill does
Allows a tax deduction for employment bonuses through 2029, capped by wages from the same employer and limited by taxpayer income
Key points
- Prohibit deduction above income thresholds
- Limit deduction by regular wages
- Allow bonus tax deduction
Current status
Where it stands
Status
In Committee
Latest action
2025-01-20 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation