S 1046
119th Congress
Senate
In Committee
No Tax On Overtime Act of 2025
Latest action: Read twice and referred to the Committee on Finance. · Mar 13, 2025
View full text on Congress.gov ↗ Policy area: Taxation
Legislative 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.
Source: Congressional Research Service (CRS).
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