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HR 405In committeeTaxeshouse
Keep Every Extra Penny Act of 2025
Introduced Jan 15, 2025 by Rep. Russ Fulcher
IntroducedCommitteeFloorCongressLaw
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
Latest action · Jan 15, 2025
Referred to the House Committee on Ways and Means.
What it does
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.
Summary by the Congressional Research Service.
Roll-call votes
No floor votes yet — it hasn't reached the floor of either chamber.