S 1046
119th Congress
Senate
Taxation
No Tax On Overtime Act of 2025
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 13, 2025
Read twice and referred to the Committee on Finance.
Mar 13, 2025
Introduced in Senate
Plain-English summary
No Tax On Overtime 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1