H.R. 557: Working Class Bonus Tax Relief Act of 2025

H.R. 557 is a federal bill in the 119th Congress. Currently, any bonus an individual receives from their employer is considered taxable income, just like regular wages. This bill changes that by allowing individuals to deduct a portion of their bonus from their taxable income. Specifically, the deduction… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.