Budget & Taxes (Income Tax)

in committee · United States · House Oct 6, 2025

HR 5695: No Taxation Without Operation Act

This bill suspends federal income tax collection for most wage-earning citizens during any government shutdown (partial or full), meaning no taxes, penalties, or interest accrue on individual income tax payments or returns during that period. It specifically exempts backpay for furloughed federal employees or contractors (under the Government Employee Fair Treatment Act of 2019) from federal income taxation. The Treasury Department must issue guidelines to help employers comply with these tax suspensions for all covered workers, including tipped, hourly, and salaried employees. The law directly affects ordinary wage earners and furloughed federal workers during shutdowns, creating a temporary tax freeze.

Topics ✓ Budget & TaxesSupports Budget & TaxesSuspends federal income tax collection for wage earners during shutdowns, providing direct tax relief and exempting furloughed workers' backpay from taxation.95% confidence

Sub-Topics Income Tax

Track

in committee · United States · House Apr 30, 2025

HR 3118: No Tax on Overtime Act

HR 3118, the "No Tax on Overtime Act," creates a new tax deduction for workers who earn overtime pay under the Fair Labor Standards Act (FLSA). It allows taxpayers to deduct up to $100 per 100 hours of overtime (capped at 300 hours yearly) from their taxable income, with a phaseout for higher earners ($100 reduction for every $1,000 over $100,000 AGI). Employers must report overtime amounts on W-2 forms, and taxpayers must include the recipient’s Social Security number to claim the deduction. The deduction applies to tax years beginning after December 31, 2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for overtime workers, reducing taxable income for middle/lower earners (phased out above $100k AGI), aligning with tax relief indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax deduction on overtime earnings, increasing take-home pay for workers under FLSA, directly enhancing wage benefits.95% confidence

Sub-Topics Income Tax Labor Standards

Track

in committee · United States · House Jun 5, 2025

HR 3769: Dependent Income Exclusion Act of 2025

HR 3769, the Dependent Income Exclusion Act of 2025, modifies tax rules to help families qualify for health insurance premium tax credits. It excludes certain income earned by dependents under age 18, or dependents aged 18-24 enrolled in approved education or job-training programs (like those under the Workforce Innovation Act), from being counted toward household income for credit calculations. The exclusion is limited to 15% of a family’s total income, and in states that haven’t expanded Medicaid, it cannot reduce household income below 100% of the federal poverty line. The bill amends the Internal Revenue Code and Affordable Care Act to implement these changes, affecting families claiming health insurance tax credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes dependent income from household calculations for premium tax credits, providing tax relief to lower-income families by increasing eligibility for subsidies.95% confidence ✓ HealthcareSupports HealthcareExcludes dependent income from household calculations to increase eligibility for health insurance premium tax credits, expanding access to coverage.95% confidence

Sub-Topics Income Tax Tax Credits Children's Health Insurance Medicaid

Track

in committee · United States · Senate Jan 29, 2025

S 317: Charitable Act

This bill, S 317 (Charitable Act), creates a new federal income tax deduction for charitable contributions for individuals who do not itemize deductions (the majority of taxpayers). It allows these taxpayers to deduct up to one-third of their standard deduction amount for charitable gifts in 2026 and 2027. The bill also eliminates penalties related to charitable deduction errors under tax code sections 6662 and 6664. The changes apply to tax returns filed for 2026 and 2027 tax years.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for non-itemizing taxpayers (mostly middle/lower income), offering relief without increasing government spending.95% confidence

Sub-Topics Income Tax Tax Credits

Track

in committee · United States · House Apr 17, 2025

HR 2927: All-Americans Tax Relief Act of 2025

The All-Americans Tax Relief Act of 2025 would significantly expand tax benefits for low-to-moderate income individuals and families. Key provisions include making the Child Tax Credit fully refundable (allowing payments even if taxpayers owe no income tax), expanding the Earned Income Tax Credit with higher maximum amounts, and creating new deductions for medical expenses, daycare, commuting, tutoring, and credit card interest. The bill would also establish a rent deduction for primary residences and exclude certain discharged debt from taxable income. These changes would apply to tax years beginning after December 31, 2026, and would primarily benefit working families with children and lower-income taxpayers.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credits/deductions for low-to-moderate income families, directly providing relief and strengthening fiscal support for target demographic.95% confidence ✓ EducationSupports EducationBill expands tax benefits for tutoring and daycare, which supports educational access and affordability for families.75% confidence ✓ HealthcareSupports HealthcareCreates medical expense deductions, improving affordability and access to healthcare services by reducing out-of-pocket costs for patients.90% confidence ✓ HousingSupports HousingExplicit rent deduction for primary residence directly reduces housing costs for low-to-moderate income families, advancing affordability per bill's summary.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands EITC with higher max amounts and makes Child Tax Credit refundable, directly increasing financial support for low-income workers and families.92% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives Renters

Track

in committee · United States · House Jan 23, 2025

HR 715: BNA Fairness Act

HR 715, the BNA Fairness Act, amends the tax code to exclude the basic needs allowance provided to members of the Armed Forces from taxable income. This allowance, paid for daily living expenses like food and housing, directly affects active-duty service members who receive it. The bill adds a specific provision clarifying that this allowance qualifies as a non-taxable "qualified military benefit" under existing tax law. The change takes effect for tax years after the bill becomes law, ensuring service members no longer pay income tax on this specific benefit.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes military basic needs allowance from taxable income, providing tax relief for service members per tax code amendment.95% confidence

Sub-Topics Income Tax

Track

in committee · United States · House Dec 17, 2025

HR 6781: Trump Tariff Rebate Act

HR 6781, the Trump Tariff Rebate Act, increases the standard federal income tax deduction for taxpayers filing in 2026 and 2027. It adds $4,000 to the standard deduction for joint filers or surviving spouses, $3,000 for heads of household, and $2,000 for other filers during those tax years. The bill applies only to the 2026 and 2027 tax returns (filed in 2027 and 2028) and provides a temporary tax benefit based on filing status. It does not relate to actual tariff refunds but uses "tariff rebate" as a defined tax provision name.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases standard deductions for 2026-2027, providing tax relief across filing statuses (joint, head of household, others).95% confidence

Sub-Topics Income Tax

Track

in committee · United States · House Apr 9, 2025

HR 2764: Tax Cut for Workers Act of 2025

This bill expands the Earned Income Tax Credit (EITC) for low-income workers by lowering the minimum age to claim the credit from 25 to 19 (with exceptions for students, former foster youth, and homeless youth), removing the maximum age limit of 65, and doubling the credit percentage from 7.65% to 15.3%. It also increases the income thresholds for eligibility, raising the phaseout starting point from $4,220 to $9,820 for single filers and $5,280 to $11,610 for joint returns. The credit amounts and income limits will now adjust annually for inflation using specific Consumer Price Index (CPI) benchmarks. Additionally, taxpayers can elect to use their prior year’s earned income to calculate the credit if it was higher than the current year’s, effective for 2026 tax returns.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands EITC for low-income workers by lowering age limits, removing age caps, doubling credit percentage, and raising income thresholds, providing direct tax relief to target demographic.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands EITC for low-income workers by lowering age limits, removing maximum age, doubling credit percentage, and increasing income thresholds, directly increasing worker benefits and income.90% confidence

Sub-Topics Income Tax Tax Credits Child Labor Minimum Wage

Track

in committee · United States · House Nov 20, 2025

HR 6189: Service Members Tax Relief Act

This bill exempts active and reserve uniformed service members' military compensation from federal income tax. It directly affects service members by excluding their active-duty pay from taxable income under a new Section 139J in the tax code, while explicitly excluding retirement pensions from this benefit. The key mechanism is a tax exclusion for current service pay, effective for taxable years after enactment. The bill does not alter retirement pay taxation or apply to civilian employees.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts service members' active-duty pay from federal income tax, providing direct tax relief to a specific group without altering retirement taxation.95% confidence

Sub-Topics Income Tax

Track

in committee · United States · House Apr 10, 2025

HR 2833: Adoption Tax Credit Refundability Act of 2025

HR 2833 makes the federal adoption tax credit refundable, meaning qualifying adoptive parents can receive cash payments even if they owe no federal income tax. This directly affects low- and middle-income adoptive families who previously could only reduce their tax bill with the credit but couldn’t get cash back. The bill moves the credit from a non-refundable to a refundable status in the tax code and adds standardized verification forms for adoptions. It takes effect for tax years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes adoption tax credit refundable for low/middle-income families, providing direct cash payments instead of tax bill reduction, aligning with tax relief indicators.95% confidence

Sub-Topics Income Tax Tax Credits

Track