H.R. 561 · 119th Congress
Overtime Pay Tax Relief Act of 2025
- Stage
- In committee
- Sponsor
- Don Bacon
- Introduced
- 2025-01-20
- Latest action
- 2025-01-20 · Introduced in House
Summary
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).