S. 1046 aims to amend the Internal Revenue Code of 1986 by excluding overtime pay from being counted as part of a person's taxable income. This means that workers would not have to pay federal income tax on the extra money they earn from overtime work as required by the Fair...
Simple Explanation
S. 1046 is a bill that wants to make it so people don't have to pay taxes on the extra money they earn when they work more than their usual hours, called overtime. If it becomes a law, this new rule will start for overtime money earned after the law starts.