Keep Every Extra Penny Act of 2025
The summary
What this bill does
Keep Every Extra Penny Act of 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.
Legislative timeline
From introduction
Jan 15, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - ID District 1 · R-ID
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | HR |
| Bill Number | 405 |
| Origin Chamber | House |
| Current Status | Referred to the House Committee on Ways and Means. |
| Policy Area | Taxation |
| Primary Committee | Not assigned |
| Introduced | January 15, 2025 |
| Latest Action | January 15, 2025 |
| Cosponsors | 1 · House vote — · — views |