Employee Business Expense Deduction Reinstatement Act of 2023
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 28, 2023)
Employee Business Expense Deduction Reinstatement Act of 2023
This bill reinstates the tax deduction for the itemized miscellaneous expenses of employees performing services in a trade or busines (the deduction is currently suspended for the period beginning in 2018 through 2025). The amount the an employee may take into account in computing the deduction is 85% of unreimbursed food, lodging, travel, or transportation expenses.
The bill also lowers the threshold for the deduction to the extent its aggregate amount exceeds 1% (2% under current law).
What just happenedSep 28, 2023
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseSep 28, 2023
- Sep 28, 2023IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 28, 2023IntroReferralIntro-H
Introduced in House
- Sep 28, 2023IntroReferral1000
Introduced in House