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

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

The IRS has announced that new tax-reporting rules are forthcoming for overtime compensation under recent federal tax ...

The temporary provision applies to tax years from 2025 through 2028.

The IRS is rolling out new deductions for tip and overtime income. Here's how they work and who qualifies.

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 ...

Since the enactment of the “One Big Beautiful Bill Act” (OBBBA) on July 4, 2025, employers have awaited guidance on recordkeeping and reporting obligations related to the law’s “no tax on tips” and ...

Workers keep hearing about "no taxes on overtime in 2026," but the reality is more complicated: President Trump has promoted the idea, yet available reporting shows only proposals and commentary, not ...