To amend the Internal Revenue Code of 1986 to sunset the Federal income tax on unemployment compensation.

Hozzl · 2025-04-12T03:18:28Z

Explore the details of House Bill 2655 To amend the Internal Revenue Code of 1986 to sunset the Federal income tax on unemployment compensation. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

4/12/2025, 3:18 AM

Summary of Bill HR 2655

Bill 119 HR 2655, also known as the Unemployment Compensation Tax Sunset Act, aims to amend the Internal Revenue Code of 1986 by eliminating the federal income tax on unemployment compensation. This means that individuals who receive unemployment benefits will no longer have to pay taxes on this income.

The bill proposes to sunset the federal income tax on unemployment compensation, which would provide relief to individuals who are already facing financial hardship due to being unemployed. By eliminating this tax, the bill seeks to alleviate some of the financial burden on those who are relying on unemployment benefits to make ends meet.

If passed, this legislation would have a direct impact on individuals who are currently receiving or will receive unemployment benefits in the future. It would provide them with additional financial support by allowing them to keep more of their unemployment compensation without having to pay taxes on it. Overall, the Unemployment Compensation Tax Sunset Act aims to provide relief to individuals who are struggling financially due to unemployment by eliminating the federal income tax on unemployment compensation.

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Current Status of Bill HR 2655

Bill HR 2655 is currently in the status of Bill Introduced since April 3, 2025. Bill HR 2655 was introduced during Congress 119 and was introduced to the House on April 3, 2025. Bill HR 2655's most recent activity was Referred to the House Committee on Ways and Means. as of April 3, 2025

Bipartisan Support of Bill HR 2655

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Policy Area and Potential Impact of Bill HR 2655

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Alternate Title(s) of Bill HR 2655

To amend the Internal Revenue Code of 1986 to sunset the Federal income tax on unemployment compensation.To amend the Internal Revenue Code of 1986 to sunset the Federal income tax on unemployment compensation.

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