HR 9799
118th Congress
House
Taxation
Overtime Pay Tax Relief Act of 2024
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2024
Referred to the House Committee on Ways and Means.
Sep 25, 2024
Introduced in House
Plain-English summary
Overtime Pay Tax Relief Act of 2024
This bill allows an itemized deduction for overtime compensation received by an individual, subject to income limitations, through 2029. The amount of the itemized deduction may not exceed 20% of the individual’s regular wages from the same employer. Further, the itemized deduction is not allowed for individuals with income exceeding $100,000 (or $150,000 for heads of the household and $200,000 for married couples filing a joint return).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1