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118-hr-8194Committee
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Second Job Tax Relief Act of 2024

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Summary

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The Second Job Tax Relief Act of 2024 would exclude compensation from secondary employment from federal income tax and payroll taxes (Social Security, Medicare, and unemployment taxes) for qualifying taxpayers. The exclusion phases out for taxpayers with modified adjusted gross income above $100,000 (or $150,000 for married couples filing jointly) and applies only to compensation from employers other than a designated primary employer. The provision would sunset after five years, and the bill includes appropriations to offset lost revenues to Social Security and Medicare trust funds.

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Bill details

Congress
118
Bill type
hr
Introduced
May 1, 2024
Sponsor
Not yet available
Last action
December 17, 2024— Referred to the Subcommittee on Social Security.

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