H.R. 8016 aims to amend the Internal Revenue Code to allow individuals to exclude the Arizona Families Tax Rebate from their federal gross income, meaning they won't have to pay federal taxes on this rebate. This applies to payments made under Arizona Senate Bill 1734 and...
H.R. 8016 is a suggestion for a new rule that says people in Arizona won't have to pay U.S. taxes on a special money gift (called the Arizona Families Tax Rebate) they got in 2023.
H.R. 10055, also known as the “Survivor Justice Tax Prevention Act,” proposes an amendment to the Internal Revenue Code of 1986. The bill aims to exclude from gross income any damages awarded, except for punitive damages, related to sexual acts or sexual contact. It specifies...
H.R. 10055 is like a new rule that says if someone gets money because something bad happened to them, like touching that wasn't okay, they don't have to pay extra money to the government, except when it's to punish someone. It also says people shouldn’t have to show a doctor’s note to prove it happened when figuring out taxes.
H. R. 9431 aims to amend the Internal Revenue Code of 1986 to allow individuals who are unlawfully or wrongfully detained abroad to exclude certain forgiven debts from their taxable income. The bill identifies a "wrongfully detained abroad individual" as a U.S. national...
H. R. 9431 wants to help people who are unfairly stuck in another country by letting them ignore some of their forgiven debts when paying taxes, but the rules might be confusing and may not help enough with big money problems.
H.R. 7418 proposes an amendment to the Internal Revenue Code of 1986 to ensure that money received by individuals as compensation for participating in clinical trials is not counted as part of their gross income for tax purposes. This includes payments made directly to...
H.R. 7418 is like a rule that says when people get paid for helping scientists by being part of clinical trials, they don't have to pay extra money to the government from that payment. This rule helps them save some of their money if they joined after the end of 2023.
The bill H.R. 10280 seeks to change the Internal Revenue Code of 1986 to make certain health profession education scholarship and loan payments non-taxable. It specifies that amounts received from specific loan repayment and scholarship programs intended to support health...
The bill H.R. 10280 would change the rules so that money given to help students become healthcare workers doesn't count as income for taxes, making it easier and cheaper for them to work in places where doctors and nurses are needed the most.
H.R. 7090 aims to change the Internal Revenue Code of 1986 to ensure that certain payments received by individuals for participating in approved clinical trials are not counted as part of their taxable income. Specifically, this bill excludes payment or reimbursement for...
H.R. 7090 is a bill that says when people get money for being part of medical studies, those payments won't be taxed like normal income. This means they don't have to count that money when figuring out how much they owe in taxes.
H.R. 9254, titled the "Tax Fairness for Survivors Act," aims to modify the Internal Revenue Code of 1986 to exclude any income from judgments, awards, or settlements related to sexual assault or sexual harassment claims from being taxed as gross income. The bill specifies that amounts...
H.R. 9254 is a bill that wants to make sure people who win money from court cases about bad behavior, like being hurt or treated unfairly by others, don't have to pay certain types of taxes on that money. This means if someone gets money because someone did something wrong to them, they might not have to give some of it to the government.
The bill H. R. 8846, titled the “Heartland Emergency Assistance Relief from Tax Act of 2024” or "HEART Act of 2024," aims to provide tax relief for people affected by severe storms, straight-line winds, and tornadoes. It allows individuals to exclude from their gross income...
The HEART Act of 2024 is a special rule that lets people not pay taxes on money they get to help fix damage from really bad storms, but only if they can't get money back from insurance. It’s like when someone gives you a gift to help fix your broken toys after a storm, and you don't have to give any of it back.
H.R. 8938, known as the “Keep Every Extra Penny Act of 2024,” proposes an amendment to the Internal Revenue Code of 1986. The bill aims to exclude overtime pay from being considered as part of an individual's gross income for income tax purposes. This means that when...
H.R. 8938 is about changing the rules so that when people work extra hours and earn more money, the extra money they make won't be counted when figuring out how much tax they need to pay. So, if someone works a lot of overtime, they might end up paying less in taxes.
H.R. 5863, titled the "Federal Disaster Tax Relief Act of 2023," aims to offer tax relief for individuals affected by certain federal disasters. It extends previous rules for handling personal losses due to disasters and excludes from gross income any compensation received for losses from...
The Federal Disaster Tax Relief Act of 2023 wants to make it easier for people who lost things in big disasters to get money without having to pay taxes on it, especially when bad wildfires or train accidents happen. It tries to help by saying these disaster payments are like special gifts and not counted as money you earn, so you don’t have to tell the tax folks about them.
H.R. 5863, known as the “Federal Disaster Tax Relief Act of 2023,” aims to provide tax relief for individuals affected by certain federal disasters. The bill extends the rules for treating disaster-related personal losses and excludes wildfire relief payments from gross income. It also treats...
H.R. 5863 wants to help people with their taxes if they were hurt by things like big wildfires or accidents. It tries to make it easier for them not to pay extra money on some kinds of help they get.
H. R. 9837 is a bill introduced in the House of Representatives that aims to change the tax code to help farmers. Specifically, it would allow certain emergency assistance they receive, like help from programs dealing with natural disasters such as wildfires and hurricanes,...
In simple words, this bill wants to help farmers by making sure that any emergency money they get when bad things like wildfires or hurricanes happen doesn't count as income they have to pay taxes on, starting in 2024.
H.R. 5863, known as the "Federal Disaster Tax Relief Act of 2023," aims to provide tax relief connected to certain federal disasters. The bill proposes extending tax rules for personal casualty losses, allowing people affected by specific disasters like wildfires to exclude certain relief...
H.R. 5863 is a law that helps people affected by big disasters, like fires or a train accident, by letting them keep more of their money. It says some of the money they get for help doesn't count as income, so they don't have to pay taxes on it.
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