The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

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 ...

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 ...

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

New federal tip and overtime deductions effective in 2025 require employers to reassess payroll, reporting and compliance practices across jurisdictions. The OBBBA introduces new federal deductions ...

The new tax legislation, part of the "One Big Beautiful Bill", includes a temporary tax break for overtime pay, allowing eligible workers to deduct a portion of their overtime earnings from their ...

Overtime pay laws require employers to pay eligible employees if they work more than their usual hours. Designed to prevent worker exploitation and ensure fair pay for extra labor, these laws apply to ...

I wrote last week about President Obama’s decision to apply the time-and-a-half overtime rule to certain white-collar workers who are currently exempt. Based on the best empirical evidence, the new ...

BEAVER, WV (WVNS) Some good news for workers in the service industry, according to President Donald Trump’s Big Beautiful ...

Republicans’ newly passed tax and spending law makes good on a promise President Trump made over and over on the campaign trail: No Tax on Tips and Overtime. But the change likely won’t have the ...

Add Yahoo as a preferred source to see more of our stories on Google. According to federal overtime laws, workers are entitled to one and one-half times their regular rate of pay for all hours worked ...