The new federal “no tax on overtime” law may not mean what you think it does. To start with, all of your overtime pay is not included. “No tax on overtime” is a highly promoted part of this year's ...

They say that the only two certainties in life are death and taxes. The recently passed “Big Beautiful Bill,” however, claims to eliminate one of those — at least for overtime hours. The budget bill, ...

To receive favorable tax treatment for U.S. federal income tax purposes, the tip must be paid to an individual “in an occupation which customarily and regularly received tips on or before December 31, ...

New federal tax law allows deductions on tips and overtime starting with 2025 taxes Workers earning under $150K can deduct up to $25K in tips, $12.5K in overtime Qualifying jobs may include servers, ...

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 ...

(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 ...

Twenty-three MTA employees collected more than $200,000 each in overtime in 2024 — 10 more than the previous year, and three earned more than MTA Chair and CEO Janno Lieber’s $420,599 in pay, ...

Many Americans who work overtime will get a break on their taxes for the next few years — but it may not be as hefty as they think.Congressional Republicans sought to fulfill President Donald Trump’s ...

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. They say that the only two certainties ...