Empowering Families at Home and at Work Act - Amends the Internal Revenue Code to allow a married taxpayer who files a joint tax return a tax deduction for 20% of the first $60,000 of the wages and self-employment income of the lesser earning spouse. Disallows such deduction for taxpayers whose adjusted gross income exceeds $110,000.
[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5257 Introduced in House (IH)]
113th CONGRESS
2d Session
H. R. 5257
To amend the Internal Revenue Code of 1986 to provide a deduction
relating to the compensation of the lesser earning spouse.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 30, 2014
Mrs. McMorris Rodgers (for herself, Mrs. Capito, Mrs. Wagner, Mrs.
Ellmers, Mrs. Bachmann, Mr. Valadao, Mr. Rodney Davis of Illinois, and
Mr. Fitzpatrick) introduced the following bill; which was referred to
the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide a deduction
relating to the compensation of the lesser earning spouse.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Empowering Families at Home and at
Work Act''.
SEC. 2. DEDUCTION FOR LESSER EARNING SPOUSE.
(a) In General.--Part VII of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 is amended by redesignating section 224
as section 225 and by inserting after section 223 the following new
section:
``SEC. 224. SECOND EARNER DEDUCTION.
``(a) Allowance of Deduction.--In the case of a taxpayer who files
a joint return for the taxable year, there shall be allowed as a
deduction an amount equal to 20 percent of the total compensation of
the lesser earning spouse.
``(b) Limitations.--
``(1) Compensation taken into account.--The amount of
compensation taken into account under subsection (a) for the
taxable year shall not exceed $60,000.
``(2) Limitation based on income.--The amount allowed as a
deduction under subsection (a) shall be zero if the adjusted
gross income of the taxpayer for the taxable year exceeds
$110,000.
``(c) Compensation.--For purposes of this section, the term
`compensation' means the sum of--
``(1) wages (as defined in section 3121), and
``(2) self-employment income (as defined in section
1402).''.
(b) Deduction Allowed Above-the-Line.--Subsection (a) of section 62
of the Internal Revenue Code of 1986 is amended by inserting after
paragraph (21) the following new paragraph:
``(22) Second earner deduction.--The deduction allowed by
section 224.''.
(c) Clerical Amendment.--The table of sections for part VII of
subchapter A of chapter 1 of the Internal Revenue Code of 1986 is
amended by striking the item relating to section 224 and by inserting
the following new items:
``Sec. 224. Second earner deduction.
``Sec. 225. Cross reference.''.
(d) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2014.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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