Summary: H.R.5012 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.5012. Bill summaries are authored by CRS.

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Introduced in House (02/14/2018)

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.