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United States · Bill · HR

H.R. 9799 (118th)

Overtime Pay Tax Relief Act of 2024

referredUnited States· United States Congress· EN

Introduced

25 September 2024

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

16 December 2024

Summary

Overtime Pay Tax Relief Act of 2024 This bill allows an itemized deduction for overtime compensation received by an individual, subject to income limitations, through 2029. The amount of the itemized deduction may not exceed 20% of the individual’s regular wages from the same employer. Further, the itemized deduction is not allowed for individuals with income exceeding $100,000 (or $150,000 for heads of the household and $200,000 for married couples filing a joint return).

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Documents

3 official files

Introduced in House (text)

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