In committee
Keep Every Extra Penny Act of 2025
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.
People affected—not yet estimated
Fiscal magnitude—not yet estimated
Reach—
How your members of Congress line up
How it moved.
- Referred to the House Committee on Ways and Means.
- Introduced in House
- Introduced in House