If you’re banking on tax-free overtime to boost your paycheck, you’re out of luck. Trump’s “big beautiful bill” doesn’t change what you’re paid; it changes what you’re taxed. That happens at tax time, not on payday. Employers will keep withholding taxes as usual, and it’s up to you to apply the deduction — if you qualify — when you file.

The impact of Trump's signature tax and spending legislation, the "big, beautiful bill," will depend on where you sit in the economy, says University of South Florida economics professor Michael Snipes.