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Showing 23 results for Income tax exclusion

Bills

23
Bill

Expanding Penalty Free Withdrawal Act

House

Allows certain unemployed individuals to take early qualified retirement plan withdrawals without the 10% additional tax, within time and amount limits tied to unemployment benefits

Latest action: Thu Jan 09 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Territorial Economic Recovery Act

House

Excludes certain controlled foreign corporation income earned through active business in U.S. territories from GILTI tax calculations

Latest action: Mon Jan 13 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Survivor Justice Tax Prevention Act

House

Exclude certain damages from federal taxable income when they are received because of sexual acts or sexual contact, and set rules for proving their tax treatment in court

Latest action: Tue Jul 14 2026 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

No Tax on Social Security

House

Excludes Social Security and Tier I railroad retirement benefits from federal taxable income while funding related trust fund transfer offsets

Latest action: Fri Jan 31 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Disaster Mitigation and Tax Parity Act of 2025

House

Excludes certain state catastrophe loss mitigation payments from federal taxable income when used to strengthen property against windstorm, earthquake, flood, or wildfire damage

Latest action: Wed Feb 04 2026 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Disaster Mitigation and Tax Parity Act of 2025

Senate

Excludes certain state catastrophe loss mitigation payments from federal taxable income when used to harden property against windstorm, earthquake, flood, or wildfire damage

Latest action: Thu Jan 30 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Lowering Costs for Caregivers Act of 2025

House

Expand tax relief for family caregivers by lowering costs tied to caregiving expenses

Latest action: Fri Jan 03 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Strengthening Pathways to Health Professions Act

House

Expand pathways into health professions through measures aimed at strengthening workforce entry and training opportunities

Latest action: Tue Jan 21 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Freedom for Families Act

House

Allow individuals to use health savings accounts without high deductible health plans, raise contribution limits, and make caregiving withdrawals tax free

Latest action: Fri Jan 03 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Clergy Act

Senate

Establishes a two-year period for clergy and Christian Science practitioners to revoke prior Social Security and Medicare tax exemptions on ministerial earnings

Latest action: Wed Feb 19 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Clergy Act

House

Establishes a two-year period for certain clergy and Christian Science practitioners to revoke prior exemptions from Social Security and Medicare taxes on ministerial earnings

Latest action: Tue Apr 28 2026 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

No Tax on Home Sales Act

House

Modify sponsorship status for H.R. 4327 so Mr. Alford is treated as the first sponsor for cosponsorship and reprinting purposes

Latest action: Wed Jan 21 2026 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Advancing Commonsense Policies Act

House

Establishes broad policy changes under the Advancing Commonsense Policies Act

Latest action: Wed May 20 2026 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Responsible Legislating Act

House

Establishes and modifies federal requirements across retirement accounts, sex offense penalties, foreign investment reviews, appropriations, livestock market reporting, credit union governance, and NASA leasing authority

Latest action: Fri Mar 14 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

To amend the Internal Revenue Code of 1986 to remove the income limitation on the exclusion from gross income of any medal or prize money won in competition in the Olympic Games or Paralympic Games.

House

Removes the income cap on the tax exclusion for Olympic and Paralympic medal and prize winnings under the Internal Revenue Code

Latest action: Thu Feb 26 2026 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Restoring Competitive Property Insurance Availability Act

House

Allow certain property insurers to temporarily exclude disaster-area real property insurance premiums from federal gross income for five tax years after a federally declared disaster

Latest action: Thu Feb 06 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

The Working for Tips Tax Relief Act of 2025

House

Allow workers to exclude tip income from federal taxation under a 2025 tax relief measure

Latest action: Tue Nov 25 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Dependent Income Exclusion Act of 2025

House

Excludes certain dependent earnings from household income when calculating premium tax credit eligibility and credit amounts, subject to income-based limits

Latest action: Thu Jun 05 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Tip Tax Termination Act

House

Exclude up to $20,000 in eligible tip income from federal gross income through 2029 and adjust related tax withholding and credit rules

Latest action: Mon Jan 20 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

REVIVE VI Act

House

Allows certain U.S. shareholders to exclude qualified Virgin Islands service income from GILTI calculations for federal tax purposes and directs IRS guidance

Latest action: Fri Jan 31 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Wildfire Victim Tax Relief and Recovery Act

Senate

Allows tax relief for wildfire victims by expanding livestock gain deferral after fires and excluding certain Texas wildfire relief payments from taxable income

Latest action: Mon Feb 10 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

Wildfire Victim Tax Relief and Recovery Act

House

Allows tax relief for wildfire losses by extending livestock gain deferral after fires and excluding certain Texas wildfire compensation payments from taxable income

Latest action: Mon Feb 10 2025 00:00:00 GMT+0000 (Coordinated Universal Time)
Bill

TCJA Permanency Act

House

Makes permanent major individual tax provisions from the 2017 tax law and expands tax free 529 education expenses for homeschool and K 12 costs

Latest action: Fri Jan 03 2025 00:00:00 GMT+0000 (Coordinated Universal Time)