Pipeline · Bill → Law
Step 1
Introduced
Sep 25, 2024
Step 2
Referred
Sep 25, 2024
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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).
Timeline · 2 actions
Sep 25, 2024
Introduced in House
Sep 25, 2024
Referred to the House Committee on Ways and Means.