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United States · Bill · HR

H.R. 5802 (118th)

Employee Business Expense Deduction Reinstatement Act of 2023

referredUnited States· United States Congress· EN

Introduced

28 September 2023

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

24 July 2024

Summary

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).

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Documents

3 official files

Introduced in House (text)

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