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H.R. 5012

Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018

Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018

This bill excludes up to $2,500 of bonus income received by an employee in 2018 from being considered taxable earnings for the purpose of determining an employee's federal tax liability. The bill defines a "bonus" as wages paid in addition to the compensation ordinarily given, required, optioned, or obligated under an employment contract.

Referred to the House Committee on Ways and Means.

Rep. Rokita, Todd [R-IN-4](R-IN)Sponsor
25 cosponsors25 R
25cosponsors1committees3actions2subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018 — Informed