Introduced within the framework of the House Budget 2025 bill, the “No Tax on Overtime” proposal seeks to alleviate financial burdens on workers by exempting overtime pay from federal income taxes. This means that employees working beyond their standard hours could receive their overtime earnings without federal tax deductions, potentially increasing their take-home pay. As of early March 2025, the House of Representatives has narrowly passed the budget resolution that includes this proposal. The resolution passed with a 217-215 vote, […]
