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 ...
An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act ...
The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...
Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...
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 ...
The U.S. Department of Labor’s Wage and Hour Division (DOL) recently issued Opinion Letter FLSA2026-2 confirming that incentive bonuses earned under ...
California employers might be surprised by some important nuances in the “No Tax on Overtime” rules that rolled out nationwide last year and ...