Search Results: keywords:"federal tax relief"

  • H. R. 517 — An Act To amend the Internal Revenue Code of 1986 to modify the rules for postponing certain deadlines by reason of disaster.
    Status:Referred in Senate
    Words:612

    H. R. 517, also known as the "Filing Relief for Natural Disasters Act," aims to amend the Internal Revenue Code to adjust the rules for postponing certain tax deadlines due to disasters. The bill allows the Secretary of the Treasury, after consulting with FEMA, to extend...

    Simple Explanation

    H. R. 517 is a plan to let people have more time to file their taxes if there's a big storm or disaster, like a hurricane. This means they can wait a little longer, up to four months, to do their taxes if something bad happens where they live.

  • H. R. 9799 — To amend the Internal Revenue Code of 1986 to establish a deduction for certain overtime payments.
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    Status:Introduced in House
    Words:788

    H.R. 9799, titled the “Overtime Pay Tax Relief Act of 2024,” aims to amend the Internal Revenue Code of 1986 to allow workers to deduct a portion of their overtime earnings from their taxes. This deduction would be limited to 20% of the individual's other wages and is not available for those...

    Simple Explanation

    H.R. 9799 is a bill that wants to let people pay less tax when they work overtime by allowing them to count some of the extra money they earn as not taxable, but this only works if they make less than certain amounts of money. It lasts until the end of 2029 and aims to help people save on their taxes when working extra hours.