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No, the “no tax on overtime” proposal has not passed into law in the United States. While various legislators have introduced bills aiming to remove federal taxes from overtime income, none have completed the required legislative process. To become law, such a bill must pass both chambers of Congress and be signed by the President. Since that has not occurred, overtime pay remains fully taxable. Any future changes would require new legislation, debate, and IRS implementation before taking effect.

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Yes, Gomyfinance.com has such a feature of budgeting where you can separate expenses and monitor the expenses made every month. You will be able to impose a limit on such categories as groceries, rent, entertainment, and utilities. The tool provides you with real-time information of how your money is spent and informs you when you are at the edge of your budget so that you can adjust accordingly. This prevents overindulging and it enables one to save regularly. If you are on restrictive budget or simply want to control better your financial choices, Gomyfinance.com provides a method frame to keep you on the budget.

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