This bill introduces a new federal income tax deduction for certain bonuses received by individuals. The deduction allows taxpayers to subtract an amount equal to a portion of their bonus, specifically up to 15 percent of their non-bonus wages from the same employer for the taxable year. This provision aims to provide tax relief to individuals receiving performance-based compensation. However, the deduction is subject to specific income limitations, with adjusted gross income thresholds set at $200,000 for married couples filing jointly, $150,000 for heads of household, and $100,000 for other individuals. Importantly, this deduction is available to both itemizers and non-itemizers , and it is not subject to the limitations typically applied to miscellaneous itemized deductions. The deduction is temporary, applying only to amounts received before December 31, 2029, and the Treasury Secretary is directed to adjust withholding procedures accordingly.