Work Overtime? You May Soon Get a Tax Cut

Work Overtime? You May Soon Get a Tax Cut

When President Trump first floated the idea of “no tax on overtime” at a campaign rally last year, he did not elaborate on how it would work. Could anyone who works more than 40 hours a week claim a tax break? Would overtime pay really be completely tax-free? The answer to both questions, as it turns out, is no. Under the sprawling domestic policy bill that Republicans pushed through the House and are preparing to steer through the Senate, the t…