A deduction is allowed for reported overtime compensation
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70202, Sec. 70202.
Written by .
A deduction is allowed for reported overtime compensation
The document says “shall”Who acts: Secretary of the TreasuryHow: statuteSec. 70202 in the PDF
What the document says
“There shall be allowed as a deduction an amount equal to the qualified overtime compensation received during the taxable year and included on statements furnished to the individual pursuant to section 6041(d)(4) or 6051(a)(19).”
The section adds a new section 225 to part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986, redesignating the previous section 225 as section 226. It allows a deduction equal to the qualified overtime compensation received in the taxable year and shown on statements furnished under section 6041(d)(4) or 6051(a)(19).
What the document actually says
“There shall be allowed as a deduction an amount equal to the qualified overtime compensation received during the taxable year and included on statements furnished to the individual pursuant to section 6041(d)(4) or 6051(a)(19).”
That sentence, in plain words
A worker may deduct overtime pay taken in that year. The pay must appear on a statement given to the worker.
What this is about
Two kinds of statement are named. One is the yearly wage form. A deduction lowers the income that is taxed.
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Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70202, 139 Stat. 174 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“A deduction is allowed for reported overtime compensation,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70202, Sec. 70202. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70202-deduction/ (retrieved August 26, 2026).
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