HR. 561In Committee
Overtime Pay Tax Relief Act of 2025
Allows a temporary tax deduction for overtime pay through 2029, with income limits and a cap tied to regular wages from the same employer
Plain-English overview
What this bill does
Allows a temporary tax deduction for overtime pay through 2029, with income limits and a cap tied to regular wages from the same employer
Key points
- Limit deduction by income
- Allow overtime pay deduction
- Cap deduction at 20 percent wages
Current status
Where it stands
Status
In Committee
Latest action
2025-01-20 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation