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 ...

January is an ideal time to do tax planning for income in 2026. Where to begin? Start with these numbers related to withholding, estimated taxes, and retirement savings.

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's what you'll need to know: ...

The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

Among other employment measures, July’s One Big Beautiful Bill Act gives FLSA non-exempt workers a limited ability to deduct overtime pay from their federal taxes, retroactive to July 1, 2025.

Don’t miss these often overlooked tax deductions and credits when you file your tax return this year.

The University is prohibited from making improper deductions from the salaries of exempt employees and must comply with the salary basis requirements of the Fair Labor Standards Act (FLSA). Employees ...

Here's a look at some of the most commonly assumed tax breaks that either no longer exist or simply don't work the way people expect any more.