Extra work hours in the week can mean extra pay. Now, it can also mean a new tax benefit you can claim on your return come tax time. Starting Jan.
There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...
A slew of new tax provisions went into effect in 2025, which could significantly change how much you'll get back.
According to federal overtime laws, workers are entitled to one and one-half times their regular rate of pay for all hours worked over 40 in a single working week, unless they meet certain conditions.
The new federal “no tax on overtime” law may not mean what you think it does. To start with, all of your overtime pay is not included. “No tax on overtime” is a highly promoted part of this year's ...
(NEXSTAR) — The House passed the “One Big Beautiful Bill Act” – a legislative package that combines tax breaks, spending cuts, border security funding and other priorities central to President Donald ...
The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...
Oregon workers who earned overtime pay this year will get a new break on their state income taxes, thanks to state lawmakers’ decision to copy the temporary federal overtime tax exemption in President ...