HR 557 · In committee · last action January 20, 2025
<p><strong>Working Class Bonus Tax Relief Act of 2025</strong></p><p>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). </p>
Don Bacon (R-NE)
No votes recorded against this bill yet — vote coverage is a work in progress.
<p><strong>Working Class Bonus Tax Relief Act of 2025</strong></p><p>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). </p>