Search Results for keywords:"income limits"

Search Results: keywords:"income limits"

H. R. 9479 — To amend the Internal Revenue Code of 1986 to establish a refundable credit for expenses incurred for in vitro fertilization.
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September 06, 2024
Status:Introduced in House
Congress:118
Words:550
H. R. 9479 seeks to amend the Internal Revenue Code of 1986 to create a new refundable tax credit for individuals who incur expenses related to in vitro fertilization. The credit would allow individuals to receive a tax break for qualified medical expenses, up to $30,000, not...
Simple Explanation
H. R. 9479 is a plan to give money back as a tax credit to people in the USA who spend on special baby-making treatments called in vitro fertilization (IVF). If it becomes law, people could get up to $30,000 refunded for these expenses, making it easier to afford having a baby this way.
S. 3940 — To amend the Internal Revenue Code of 1986 to provide for a first-time homebuyer credit, and for other purposes.
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March 14, 2024
Status:Introduced in Senate
Congress:118
Words:3,719
The bill, titled the "First-Time Homebuyer Tax Credit Act of 2024," aims to amend the Internal Revenue Code of 1986 to provide a refundable tax credit for individuals purchasing their first home in the United States. It allows a credit of 10% of the home's purchase price, up to a maximum of...
Simple Explanation
The First-Time Homebuyer Tax Credit Act of 2024 wants to help people buy their first home by giving them some money back as a special reward, up to $15,000. It has some tricky rules about who can get the money, how much money they make, and if they might have to give it back if they sell their house too soon.
H. R. 9800 — To amend the Internal Revenue Code of 1986 to establish a deduction for certain amounts received as a bonus.
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September 25, 2024
Status:Introduced in House
Congress:118
Words:757
H.R. 9800, titled the “Working Class Bonus Tax Relief Act of 2024,” proposes amendments to the Internal Revenue Code of 1986 to allow individuals to deduct certain bonuses from their taxable income. Specifically, the bill permits a deduction for bonuses that do not exceed 15% of the...
Simple Explanation
The "Working Class Bonus Tax Relief Act of 2024" lets people pay less in taxes on certain extra money they get from work, but it's only for people who make less than a certain amount each year and will last until the end of 2029.
H. R. 10046 — To require the submission of the Vehicle Choice Report by the Secretary of Commerce, to increase the clean vehicle tax credit, the previously-owned clean vehicle credit, and the alternative fuel refueling property tax credit, and for other purposes.
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October 25, 2024
Status:Introduced in House
Congress:118
Words:1,445
The bill H. R. 10046 proposes several actions to promote clean vehicles and alternative fuels in the United States. It requires the Secretary of Commerce to submit a "Vehicle Choice Report" outlining available vehicle types and their costs, and mandates annual reports on...
Simple Explanation
The bill wants to help people buy cleaner cars by giving them more money back on their taxes and making it easier to fuel these cars with special stations, but it's important to understand where the money for this comes from and if it will be fair for everyone.

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