Bill > HR1691

This bill aims to reinstate and modify tax deductions for unreimbursed employee expenses by amending the Internal Revenue Code. Specifically, the legislation would allow employees to deduct 85% of certain out-of-pocket expenses related to food, lodging, travel, or transportation incurred while performing their job duties. The bill changes the existing tax code by reducing the standard deduction threshold from 2% to 1%, making it easier for employees to claim these expenses as miscellaneous itemized deductions. The changes would be retroactively applied as if they were part of the 2017 Tax Cuts and Jobs Act, and would extend through 2027. Additionally, the bill provides a one-year window for taxpayers to file claims for refunds or credits related to these amended deduction rules, even if the standard statute of limitations would have otherwise expired. This legislation is designed to provide financial relief to workers who incur significant job-related expenses that are not reimbursed by their employers.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1691/all-info