Politiparty
Politiparty

119th Congress Taxation

H.R. 405: Keep Every Extra Penny Act of 2025

Introduced

  1. Introduced (completed)Jan 15, 2025
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jan 15, 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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

1

Who scored on this bill

0 points earned

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Other bills by Russ Fulcher

History

  1. Jan 15, 2025Introduced in the House by Russ Fulcher.
Show the full action history (2 actions)
  1. Jan 15, 2025Introduced in House
  2. Jan 15, 2025Referred to the House Committee on Ways and Means.