Bills · HR 2655
IN COMMITTEE· 119TH CONGRESS
House BillHR 2655Taxation
To amend the Internal Revenue Code of 1986 to sunset the Federal income tax on unemployment compensation.
INTRO APR 3· LAST ACTION APR 3
READING
1MIN
COSPONSORS
4
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it could provide significant financial relief to individuals experiencing job loss. Losing a job often creates financial strain, and having to pay federal income tax on unemployment benefits further reduces the money available to cover living expenses. If this bill passes, people on unemployment would keep more of their benefits, which could help them better manage their finances during a difficult period. If it doesn't become law, federal taxes will continue to be collected on unemployment compensation.
KEY PROVISIONS
2AI-extractedPROVISION 01
Ends the federal income tax on all unemployment compensation.
This directly increases the net financial aid available to unemployed individuals.
PROVISION 02
The change takes effect for unemployment payments received after December 31, 2024.
This sets a clear start date for when individuals will no longer owe federal taxes on their unemployment benefits.
SPONSORSHIP
1 + 4
D· Michigan
YRS IN OFFICE
3
BILLS LED
41
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 4 REP 0 IND 0
ACTION TIMELINE
2 EVENTSAPR 3
Introduced in House
APR 3
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 2655
Congress119th
StatusIn Committee
IntroducedApr 3, 2025
Last actionApr 3, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED APR 3, 2025
House BillHR 2655Taxation
To amend the Internal Revenue Code of 1986 to sunset the Federal income tax on unemployment compensation.
INTRODUCED APR 3, 2025· LAST ACTION APR 3, 2025
PASSAGE CHANCES
—%
READING
1 min
COSPONSORS
4
COMPLEXITY
Moderate
