H.R. 5012 · 115th Congress
Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018
- Stage
- In committee
- Sponsor
- Todd Rokita
- Introduced
- 2018-02-14
- Latest action
- 2018-02-14 · Introduced in House
Summary
Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018
This bill excludes up to $2,500 of bonus income received by an employee in 2018 from being considered taxable earnings for the purpose of determining an employee's federal tax liability. The bill defines a "bonus" as wages paid in addition to the compensation ordinarily given, required, optioned, or obligated under an employment contract.