No Tax On Overtime Act of 2025
- Bill Number
- S. 1046
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 1
- Policy Area
- Taxation
- Status
- Introduced
- Latest Action
- 2025-03-13: Read twice and referred to the Committee on Finance.
- Last Updated
- 2025-12-05T22:02:51Z
Official 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.
Sponsor
Recent Actions
- 2025-03-13: Read twice and referred to the Committee on Finance.
- 2025-03-13: Introduced in Senate
Bill Versions
- No Tax On Overtime Act of 2025 — issued 2025-03-13 — PDF (2 pages)