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

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 ...

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 ...

"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...