H.R. 560, titled the "Second Job Tax Relief Act of 2025," proposes changes to the Internal Revenue Code to allow certain taxpayers to exclude income earned from secondary employment from income and payroll taxes. It defines "secondary employment compensation" as earnings from an employer...
Simple Explanation
H.R. 560, the "Second Job Tax Relief Act of 2025," is like a special rule that lets people not pay certain taxes on money they make from their second jobs, but only if their second job is not their main job and they earn less than a certain amount. This rule lasts for five years and makes sure that important government money for things like taking care of older people is still safe.