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 ...
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 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 ...
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 ...
In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ...
Forbes contributors publish independent expert analyses and insights. Peter J Reilly is a Forbes contributor who covers taxes. What we have in the final language about tips and overtime illustrates ...