Keep Every Extra Penny Act of 2025

Sponsored byRep. Fulcher, Russ [R-ID-1]ID· Introduced 15 janvier 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

—

Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

Referred to the House Committee on Ways and Means.

15 janvier 2025·1 year ago

Summary

Introduced in House · Updated 25 mars 2025

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.

Timeline

3 actions

Referred to the House Committee on Ways and Means.
15 janvier 2025 · IntroReferral
Introduced in House
15 janvier 2025 · IntroReferral
Introduced in House
15 janvier 2025 · IntroReferral

Sponsorship

1 cosponsors

Sponsor

Rep. Fulcher, Russ [R-ID-1]ID

Cosponsors

Republican1100%

Republican:Rep. Rulli, Michael A. [R-OH-6]OH

Classification

Policy area

Taxation

Committees

Ways and Means Committee
House · Standing
- Referred To15 Jan 2025

Track Keep Every Extra Penny Act of 2025 as it moves through Congress