The overtime deduction is temporary – it only applies for the 2025 to 2028 tax years.

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 ...

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 ...

There are some new changes when filing your taxes that may help you get a bigger refund. If you get overtime or tips, this is for you.

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

If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...