The IRS has announced that new tax-reporting rules are forthcoming for overtime compensation under recent federal tax ...
The U.S. Department of Labor’s Wage and Hour Division (DOL) recently issued Opinion Letter FLSA2026-2 confirming that ...
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'No tax on overtime': What to know about the deduction
The temporary provision applies to tax years from 2025 through 2028.
A new deduction allows workers to subtract part of their overtime wages from their 2025 taxable income, lowering some taxpayers' bills in April. However, workers will need to calculate their deduction ...
The "big, beautiful bill" approved by the U.S. House of Representatives in a late-night vote in February included a tease for U.S. workers: seeking $4.5 trillion in tax breaks. While the resolution ...
Learn how to calculate payroll taxes in these easy steps. Follow our guide for accurate tax deductions, tips, and tools to simplify payroll processing. Calculating your employees’ gross pay is just ...
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