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Kiplinger
Kiplinger
Business
Kelley R. Taylor

New Overtime Tax Deduction Proposed for Millions Working Extra Hours

40 sign in blue sky.

For many people in the United States, working overtime is a financial lifeline, helping to cover rising grocery bills, unexpected expenses, or simply keep up with the cost of living.

Data suggest that almost 25% of workers regularly work more than 40 hours a week, though some studies put that number as high as 40%.

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