S. 1286, titled the “Tax Fairness for Workers Act,” aims to change the Internal Revenue Code of 1986 to benefit workers in several ways. It allows workers to take an above-the-line deduction for union dues and related expenses, meaning these can be deducted from their income...
Simple Explanation
S. 1286 lets workers save money on their taxes by allowing them to subtract costs like union fees and work-related expenses before figuring out how much they owe in taxes. This change starts after the year 2024 and is meant to help people keep more of the money they earn from working.