Search Results for keywords:"work-related expenses"

Search Results: keywords:"work-related expenses"

H. R. 2173 — To amend the Internal Revenue Code of 1986 to allow for deductions for the performance of certain services by a taxpayer, and for other purposes.
March 18, 2025
Status:Introduced in House
Congress:119
Words:498
H.R. 2173 is a proposed law that aims to change the U.S. Internal Revenue Code of 1986 to allow certain tax deductions for employees. This bill proposes to let employees deduct expenses related to their job, like tools and safety gear, directly from their income before taxes...
Simple Explanation
H.R. 2173 is a plan to let workers pay less in taxes by allowing them to subtract money they spend on work-related items, like tools or safety gear, from what they earn, so they have more money left over. The changes would start helping people with their taxes after 2025.
H. R. 721 — To amend the Internal Revenue Code of 1986 to increase the adjusted gross income limitation for above-the-line deduction of expenses of performing artist employees, and for other purposes.
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January 24, 2025
Status:Introduced in House
Congress:119
Words:908
H.R. 721, also known as the "Performing Artist Tax Parity Act of 2025," aims to amend the Internal Revenue Code to help performing artists. It increases the income limit for deductions of their work-related expenses and introduces a phaseout for these deductions starting at...
Simple Explanation
H.R. 721 wants to change some tax rules so that artists like actors and musicians can save more money by writing off the costs of doing their jobs, like what they pay their managers, even if they earn a bit more money.

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