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H.R. 405 119th Congress House

Keep Every Extra Penny Act of 2025

Official title: To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax.

Introduced: January 15, 2025 Introduced by: Russ Fulcher Republican · Idaho See on congress.gov
Taxation
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 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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What's happening now January 15, 2025

Referred to the House Committee on Ways and Means.

 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.

 Related & companion bills 1
  • S 1046 No Tax On Overtime Act of 2025
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 16

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

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

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 Cosponsors 1
All 1 Republican 1
R
Rulli, Michael A.
Ohio · Jan 15, 2025
Cite this page click to expand
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/)
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