The IRS has released provisions from the One Big Beautiful Bill Act (OBBBA) for workers who can claim deductions for the 2025 ...

The Trump-era promise to shield service workers' tips and overtime from federal tax has finally arrived in the form of ...

Roughly 4 million “white collar” workers will lose out on a new tax exemption for overtime pay while Biden-era rules that ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

If you received tips or overtime in 2025, this new deduction could reduce your federal tax burden significantly.

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

Takeaways For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax deduction on qualified overtime pay and qualified tips.

Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...

The post Employee Was Told They Couldn’t Work Overtime Hours, So They Signed A Contract And Worked 40 Hours Exactly Each Week ...

Final Rule Challenges The biggest challenge in the Labor Department's final rule is a doubling in the salary level threshold, the so-called "white-collar exemption" below, by which workers are ...