The OBBBA law created a new tax deduction for overtime pay. Find out if you're eligible, how much you can deduct, and how to report it on your 2025 return.

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Donald Trump’s proposal to eliminate overtime tax has ignited chatter.

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

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

Tax Tip Tuesday breaks down an important overtime tax benefit many workers misunderstand. If your annual income is under $100,000, overtime premiums—the extra half earned on time-and-a-half pay—may no ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

A tax and spending package introduced new tax breaks on overtime pay and tips for eligible workers. The new rules, which apply to tax years 2025 through 2028, have income and employment-type ...

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 ...