Mnuchin: No tax on overtime, Social Security 'very expensive'

Mnuchin: No tax on overtime, Social Security 'very expensive'

The Goldman Sachs alum did not endorse all the new administration’s policies.

States Without Overtime Pay Taxes: Who's At The Forefront Of Tax Exemptions?

As of March 6, 2025, perspectives on the tax exemption for overtime pay are evolving. Several states are taking steps to alleviate the financial strain on workers who work extra hours. This is not a trivial number; BLS data indicates that around 34 million workers exceed 40 hours of work each week. While states without taxes on overtime pay are uncommon, their movement towards tax exemption is significant, indicating a potential trend among stat…