No Tax on Overtime: Senate GOP’s Bill Could Limit Proposed Tax Break

No tax on overtime: Senate GOP’s bill could limit proposed tax break

The current version of the Senate bill would scale back the tax break outlined in the House's version of the bill, which passed last month.

No tax on overtime: Senate GOP's bill could limit proposed tax break

(NEXSTAR) — Last month, the House passed the "One Big Beautiful Bill Act" — a legislative package that combines tax breaks, spending cuts, border security funding and other priorities central to President Donald Trump's agenda — and sent it to the Senate. On Monday, we got a glimpse into the Senate GOP's version of the "big, beautiful bill" when the Finance Committee unveiled portions of its provisions. Broadly speaking, the committee's version …

No tax on overtime, tips changed in Senate bill: What to know

Nixing federal income taxes on overtime and tipped income was one of the president's top policy promises during his 2024 election campaign.