HR 9800 · 118th Congress · Taxation

Working Class Bonus Tax Relief Act of 2024

Introduced 2024-09-25· Sponsored by Rep. Bacon, Don [R-NE-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2024-09-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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).  …

Summarized by Claude AI · Non-partisan · For informational purposes only