Tax Fairness for Workers Act

House Bill 4963 - Tax Fairness for Workers Act: Overview, Status, and Impact

Hozzl · 2024-01-31T08:15:24Z

Explore the details of House Bill 4963 Tax Fairness for Workers Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/31/2024, 8:15 AM

Congressional Summary of HR 4963

Tax Fairness for Workers Act

This bill allows an above-the-line tax deduction for union dues and expenses. (An above-the-line deduction is subtracted from gross income and is available whether or not a taxpayer itemizes other deductions.)

The bill also reinstates the miscellaneous itemized tax deduction for unreimbursed expenses attributable to the performance of services as an employee (Under current law, all miscellaneous itemized deductions are suspended through 2025).

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 4963

Bill HR 4963 is currently in the status of Bill Introduced since July 27, 2023. Bill HR 4963 was introduced during Congress 118 and was introduced to the House on July 27, 2023. Bill HR 4963's most recent activity was Referred to the House Committee on Ways and Means. as of July 27, 2023

Bipartisan Support of Bill HR 4963

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

182

Democrat Cosponsors

176

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 4963

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4963

Tax Fairness for Workers Act

To amend the Internal Revenue Code of 1986 to allow workers an above-the-line deduction for union dues and expenses and to allow a miscellaneous itemized deduction for workers for all unreimbursed expenses incurred in the trade or business of being an employee.