Search Results: keywords:"federal income tax"

  • H. R. 904 — To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.
    Status:Introduced in House
    Words:288

    H.R. 904 proposes to change the Internal Revenue Code of 1986 by stopping the requirement to include Social Security benefits as part of a person's gross income for tax purposes. This means that individuals receiving Social Security would no longer have to pay federal income...

    Simple Explanation

    The bill wants to stop making people pay taxes on their Social Security money, which is like a monthly allowance given to people when they get old or can't work. It will also make sure that the money needed for these allowances doesn't run out, even if the government gets less money from taxes.

  • H. R. 2691 — To abolish the Department of Education and to provide funding directly to States for elementary and secondary education, and for other purposes.
    Status:Introduced in House
    Words:576

    H. R. 2691 proposes to eliminate the Department of Education and terminate most of its programs, except for the Federal Pell Grant program and the William D. Ford Federal Direct Loan Program, which would be managed by the Secretary of the Treasury. The bill aims to provide...

    Simple Explanation

    H. R. 2691 is a plan to stop the Department of Education and give the money straight to the states to help schools, letting parents choose what's best for their kids' education. It wants to use the money from taxes people pay to decide how much each state gets.

  • H. R. 2802 — To amend the Internal Revenue Code of 1986 to provide individuals a refundable credit for a portion of Federal income tax liability for 2025.
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    Status:Introduced in House
    Words:563

    H. R. 2802 aims to amend the Internal Revenue Code to give people a refundable tax credit amounting to 10% of their federal income tax liability for the year 2025. The credit is designed to help individuals reduce their tax bills, but it won't apply to those with a modified...

    Simple Explanation

    This bill wants to give people a little money back on the taxes they pay next year, but only if they don't make too much money, and it won't help with longer-term money troubles since it only happens once.

  • H. R. 7400 — To amend the Internal Revenue Code of 1986 to provide individuals a refundable credit for a portion of Federal income tax liability for 2024.
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    Status:Introduced in House
    Words:595

    H.R. 7400, also known as the "Inflation Relief Act," seeks to amend the Internal Revenue Code of 1986 by providing individuals with a refundable credit for a portion of their Federal income tax liability for the year 2024. The bill proposes that individuals can receive a...

    Simple Explanation

    H.R. 7400 is a plan to let people pay a little less money in taxes by giving them back 10% of what they owe the government if they earn below a certain amount. It's meant to help people keep more of their money in 2024.

  • H. R. 8382 — To amend the Internal Revenue Code of 1986 to exclude certain combat zone compensation of certain servicemembers relating to remotely piloted aircraft from gross income.
    Status:Introduced in House
    Words:282

    H.R. 8382 proposes changes to the Internal Revenue Code of 1986 to allow certain military servicemembers who operate remotely piloted aircraft, like drones, in combat zones to exclude their earnings from taxable income. This means that qualified compensation for these servicemembers would not...

    Simple Explanation

    H.R. 8382 is a new rule that would let some military people who control drones and work in dangerous areas keep all the money they earn without having to pay taxes on it. This means they can keep more of what they make because it won't count as income that gets taxed.

  • S. 3604 — To amend title 1, United States Code, to clarify that certain tax exemptions are not treated as Federal financial assistance.
    Status:Introduced in Senate
    Words:412

    S. 3604 seeks to amend title 1 of the United States Code to clarify that certain tax exemptions are not classified as Federal financial assistance. This bill, known as the "Safeguarding Charity Act," specifically addresses organizations described in sections 501(c), 501(d),...

    Simple Explanation

    S. 3604 is a bill that says some groups, like charities, don't get help from the government just because they don't have to pay certain taxes. This means their past not having to pay taxes isn't counted as getting help from the government.

  • H. R. 2655 — To amend the Internal Revenue Code of 1986 to sunset the Federal income tax on unemployment compensation.
    Status:Introduced in House
    Words:222

    H. R. 2655 aims to amend the Internal Revenue Code of 1986 by removing the Federal income tax applied to unemployment compensation. Specifically, starting from taxable years beginning after December 31, 2024, Section 85 would no longer require the inclusion of unemployment...

    Simple Explanation

    H. R. 2655 wants to change a rule so that people who get money because they're not working (unemployment benefits) don't have to give any of it to the government in taxes starting in 2025. This means they get to keep more of the money given to help them when they don't have a job.

  • S. 5641 — To amend the Internal Revenue Code of 1986 to allow a credit against income tax for qualified conservation contributions which include National Scenic Trails.
    Status:Introduced in Senate
    Words:1,445

    The bill S. 5641 aims to amend the Internal Revenue Code of 1986 to include a tax credit for qualified conservation contributions that preserve National Scenic Trails. This tax credit would be equal to the fair market value of the contributions related to National Scenic...

    Simple Explanation

    The bill S. 5641 wants to give people a kind of "thank you" in the form of a tax break when they help keep special paths in nature, called National Scenic Trails, safe and pretty. This tax break is like a coupon that you can use later if you don't need it right away.

  • S. 1046 — To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax.
    Status:Introduced in Senate
    Words:287

    S. 1046 aims to amend the Internal Revenue Code of 1986 by excluding overtime pay from being counted as part of a person's taxable income. This means that workers would not have to pay federal income tax on the extra money they earn from overtime work as required by the Fair...

    Simple Explanation

    S. 1046 is a bill that wants to make it so people don't have to pay taxes on the extra money they earn when they work more than their usual hours, called overtime. If it becomes a law, this new rule will start for overtime money earned after the law starts.