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HR 561 119th Congress House Taxation

Overtime Pay Tax Relief Act of 2025

Introduced: January 20, 2025 Introduced by: Bacon, Don Republican · Nebraska 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 20, 2025
Referred to the House Committee on Ways and Means.
Jan 20, 2025
Introduced in House
 Plain-English summary Congressional Research Service

Overtime Pay Tax Relief Act of 2025

This bill allows a tax deduction for overtime compensation received by an individual, subject to income limitations, through 2029. The amount of the deduction may not exceed 20% of the individual’s regular wages from the same employer. Further, the deduction is not allowed for an individual with adjusted gross income exceeding $100,000 (or $150,000 for a head of the household and $200,000 for a married couple filing a joint return). 

 

What's happening now January 20, 2025

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1