US EditionSenator to introduce 'no tax on overtime" legislation
- Senator Roger Marshall and colleagues introduced legislation on Tuesday to exempt overtime wages and tips from federal taxes with income limits and caps.
- The proposal stems from President Trump's 2024 campaign promise to not tax overtime pay, but Marshall's version narrows the scope to contain costs and target middle-income workers.
- The bill limits the amount of overtime earnings eligible for tax exemption to $10,000 for single filers earning under $100,000 and to $20,000 for couples with incomes below $200,000, representing a more restricted approach compared to prior legislation that allowed higher exemption amounts and income thresholds.
- Marshall said the bill could reduce taxpayers' annual tax burden by as much as $4,000, and Trump emphasized that it encourages greater workforce participation while backing hardworking Americans.
- The legislation aims to codify Trump's tax priorities into law, signaling a marker for future negotiations, though GOP leaders have yet to decide its inclusion in a broader tax bill.
19 Articles
19 Articles
Rep. Nathaniel Moran introduces No Tax on Overtime Act
WASHINGTON (KETK) -- Congressman Nathaniel Moran from East Texas introduced the No Tax on Overtime Act on Tuesday which would allow for up to 300 hours of qualified overtime compensation. State Rep. Cody Harris’ bill to help preserve access care across East Texas passes State House The deduction means the first 300 hours of overtime worked is tax free within a taxable year. A press release from the Moran House website said the bill will al…
Senators propose bill to enact Trump's pledge for 'no tax on overtime'
President Donald Trump often touted, both on the campaign trail and now in office, the ideas of no taxes on tips and no taxes on overtime. Now, some of his fellow Republicans in the Senate are trying to make that happen. U.S. Sen. Roger Marshall of Kansas and Sen. Tommy Tuberville of Alabama introduced the Overtime Wages Tax Relief Act. It would allow many American workers to deduct overtime wages on their income tax returns. Overtime pay is d…
Sen. Marshall to Newsmax: No Tax on Overtime for Single People’s First $10K
Sen. Roger Marshall, R-Kan., a member of the Finance Committee, explained to Newsmax his proposed no tax on overtime bill, which would tax overtime pay after $10,000 for single people and $20,000 for married couples. “We’re going to let that first $10,000 of overtime wages that you make; we’re going to make sure the government doesn’t take home any of that — $20,000 for a [married] couple — that means you could keep up to $4,000 more of your har…
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