The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...
Donald Trump’s proposal to eliminate overtime tax has ignited chatter.
The One Big Beautiful Bill Act introduced a new deduction called No Tax on Overtime for the 2025 tax filing season.
The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.
Some overtime pay is exempted from federal taxes, but Colorado taxes will be different starting in the 2026 tax year. Here's ...
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