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

An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act ...

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 Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

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.

(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 U.S. Department of Labor also addressed exemptions for learned professionals and commission-earning employees under the Fair Labor Standards Act.

The "no tax on overtime" deduction is in effect, and here's who will qualify for the perk, The 2026 tax season opens today, Monday, Jan. 26.

Wisconsin workers would no longer pay state income taxes on tips and a portion of overtime pay under bills passed by the ...