H.R. 5475: No Tax on Overtime for All Workers Act

H.R. 5475 is a federal bill in the 119th Congress. Working extra hours currently means paying federal income tax on your overtime wages just like your regular pay. This bill creates a new tax deduction for qualified overtime compensation, allowing workers to exclude that extra earnings from their taxable… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.