H.R. 557 · 119th Congress
Working Class Bonus Tax Relief Act of 2025
- Stage
- In committee
- Sponsor
- Don Bacon
- Introduced
- 2025-01-20
- Latest action
- 2025-01-20 · Introduced in House
Summary
Working Class Bonus Tax Relief Act of 2025
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).