Keep Every Extra Penny Act of 2024 This bill excludes from gross income, for income tax purposes, overtime compensation required to be paid by the Fair Labor Standards Act of 1938 (hours of work in excess of 40 in a week).
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Keep Every Extra Penny Act of 2024
USA118th CongressHR-8938| House
| Updated: 7/8/2024
Keep Every Extra Penny Act of 2024 This bill excludes from gross income, for income tax purposes, overtime compensation required to be paid by the Fair Labor Standards Act of 1938 (hours of work in excess of 40 in a week).