Skip to main content

Search Results: keywords:"tax law retroactive application"

  • H. R. 1691, titled the “Employee Business Expense Deduction Reinstatement Act of 2025,” proposes changes to the Internal Revenue Code of 1986. The bill aims to amend tax laws to allow employees to deduct 85% of unreimbursed expenses for food, lodging, travel, or...

    Simple Explanation

    This bill wants to let workers get some money back on their taxes for things they spent money on at work, like travel or food. It would make it easier for them to claim these costs when they do their taxes, changing the rules so they can claim 85% of these costs, and start counting from a smaller portion of their earnings.