HR4740119th CongressWALLET

No Tax on Overtime for All Workers Act

Sponsored By: Representative Sykes, Emilia Strong [D-OH-13]

Introduced

Summary

This bill would create a new tax deduction for overtime pay. It defines "qualified overtime compensation" so more overtime payments can qualify for a deduction under Section 225 of the Internal Revenue Code.

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  • Employers: Would be able to deduct a broader set of overtime payments as "qualified overtime compensation" under Section 225 for taxable years beginning after December 31, 2024.
  • Workers and pay rules: Overtime that is required under the Fair Labor Standards Act and exceeds the regular rate can qualify. Overtime also qualifies if paid at not less than 1.5 times the regular rate and tied to work beyond a set standard number of hours.
  • Collective bargaining and agreements: To qualify under the second pathway the overtime must be for a single employer and required by a collective bargaining agreement or an agreement entered into before the work. That agreement must specify a standard period with not less than 40 hours in a 7-day period.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Lower taxes on overtime pay

This bill would let you deduct some overtime pay from your taxable income. You could deduct overtime that is required by the Fair Labor Standards Act and paid above your regular rate. You could also deduct pay that is at least 1.5 times your regular rate if it meets strict rules. It must be for one employer, for hours over a set limit, and set in an agreement made before you worked that sets at least 40 hours for a 7‑day week. If enacted, this would apply to tax years beginning after December 31, 2024.

Sponsors & CoSponsors

Sponsor

Sykes, Emilia Strong [D-OH-13]

OH • D

Cosponsors

  • Rep. Walkinshaw, James R. [D-VA-11]

    VA • D

    Sponsored 1/13/2026

Roll Call Votes

No roll call votes available for this bill.

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