Trump's overtime deduction has been a 'home run,' Treasury says. What it means for the tax break

Nearly 20 million tax returns have already claimed President Donald Trump's 'no tax on overtime' deduction, indicating widespread uptake. The popularity increases potential federal revenue loss and bolsters political momentum to retain the break, complicating budget debates and oversight of eligibility.

Analysis

Nearly 20 million tax returns have already claimed President Donald Trump's 'no tax on overtime' deduction, indicating widespread uptake. The popularity increases potential federal revenue loss and bolsters political momentum to retain the break, complicating budget debates and oversight of eligibility.