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Working Class Bonus Tax Relief Act of 2024

USA118th CongressHR-9800| House 
| Updated: 9/25/2024
Don Bacon

Don Bacon

Republican Representative

Nebraska

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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).
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Timeline
Sep 25, 2024
Introduced in House
Sep 25, 2024
Referred to the House Committee on Ways and Means.
  • September 25, 2024
    Introduced in House


  • September 25, 2024
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 118-9799: Overtime Pay Tax Relief Act of 2024

Working Class Bonus Tax Relief Act of 2024

USA118th CongressHR-9800| House 
| Updated: 9/25/2024
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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 25, 2024
Introduced in House
Sep 25, 2024
Referred to the House Committee on Ways and Means.
  • September 25, 2024
    Introduced in House


  • September 25, 2024
    Referred to the House Committee on Ways and Means.
Don Bacon

Don Bacon

Republican Representative

Nebraska

Ways and Means Committee

Taxation

Related Bills

  • HR 118-9799: Overtime Pay Tax Relief Act of 2024
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted