Indiana penny rounding, tax break on overtime and tips passes House, awaits final vote

By: Leslie Bonilla Muñiz

Outlets: Indiana Capital Chronicle

Published: February 24, 2026

Words: 400

Last Updated: 2 weeks, 2 days ago

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Hoosiers who work overtime or for tips are another vote closer to a $200 million break on next spring’s tax returns — while those who prefer to pay in cash could soon encounter a statewide penny-rounding regime amid a national shortage of the discontinued coin.

That’s after the House on Monday approved Senate Bill 243 in a bipartisan 77-19 vote.

The measure would add one-year tax deductions on overtime and tip income, along …

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