HR 405 119th Congress House Taxation

Keep Every Extra Penny Act of 2025

Introduced: January 15, 2025 Introduced by: Fulcher, Russ Republican · Idaho See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 15, 2025

Referred to the House Committee on Ways and Means.

Jan 15, 2025

Introduced in House

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Plain-English summary Congressional Research Service

Keep Every Extra Penny Act of 2025

This bill excludes from gross income for federal income tax purposes overtime compensation paid for hours worked in excess of 40 hours per week (as required by the Fair Labor Standards Act of 1938). Under current law, overtime compensation paid to a taxpayer is included in gross income for purposes of calculating federal income taxes.

What's happening now January 15, 2025

Referred to the House Committee on Ways and Means.

Related & companion bills 1

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

Lobbying activity 9

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

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Cosponsors 1

Rulli, Michael A.

Ohio · Jan 15, 2025

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APA

U.S. Congress. (2026). H.R. 405: Keep Every Extra Penny Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-405/

MLA

"H.R. 405: Keep Every Extra Penny Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-405/.

Bluebook (legal)

H.R. 405, 119th Cong. (2026), https://openamerica.io/bill/119-HR-405/.

Markdown link

[H.R. 405: Keep Every Extra Penny Act of 2025](https://openamerica.io/bill/119-HR-405/)