“To amend the Internal Revenue Code of 1986 to allow for deductions for the performance of certain services by a taxpayer, and for other purposes.”
No CRS summary available for this bill.
This section establishes an above-the-line deduction under IRC §62(a)(1) for unreimbursed employee business expenses attributable to construction tools, personal protective clothing and gear, and other expenses necessary to work at the place of employment. It also modifies the post-2025 suspension of miscellaneous itemized deductions under IRC §67(g)—which under prior law would have expired, allowing all such deductions subject to the two-percent-of-adjusted-gross-income floor—to instead (1) except unreimbursed employee business expenses, allowing them as miscellaneous itemized deductions subject to that floor, and (2) continue the suspension for all other miscellaneous itemized deductions. The changes apply to taxable years beginning after December 31, 2025.