H.R. 557 explained · 119th Congress · Pending in Congress
Working Class Bonus Tax Relief Act of 2025
Cosponsors: none · per Congress.gov, 2026-10-12
Introduced: 2025-01-20
Latest action (2025-01-20): Referred to the House Committee on Ways and Means.
What H.R. 557 does, in plain terms
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).
Official summary by the Congressional Research Service, via Congress.gov.
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