The rule has limitations, and the IRS has yet to provide clear guidance on how companies should report qualified overtime ...
Trump’s ‘no tax on overtime’ is now US law — but some Americans don’t even qualify. Here’s the catch
They say that the only two certainties in life are death and taxes. The recently passed “Big Beautiful Bill,” however, claims to eliminate one of those — at least for overtime hours. The budget bill, ...
The Senate side of the Capitol is seen in Washington, early Monday, June 30, 2025, as Republicans plan to begin a final push to advance President Donald Trump's big tax breaks and spending cuts ...
The AICPA said taxpayers and tax professionals need certainty about how to claim the deductions for 2025. The IRS has said it will not update its forms until 2026.
Many Americans who work overtime will get a break on their taxes for the next few years — but it may not be as hefty as they think. Congressional Republicans sought to fulfill President Donald Trump’s ...
Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year. But which workers will qualify for the new deductions ...
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