An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act ...

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

The overtime deduction is temporary – it only applies for the 2025 to 2028 tax years.

Auto dealerships might be surprised by some important nuances in the “No Tax on Overtime” rules that rolled out nationwide ...

On January 23, 2026, the Department of Treasury and the Internal Revenue Service (IRS) issued Fact Sheet 2026-01, providing answers to ...

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.

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

New overtime regulations of the Fair Labor Standards Act (FLSA) were set to become effective on Dec. 1, but an injunction by a federal judge in Texas has blocked its implementation for the time being.

Workers keep hearing about "no taxes on overtime in 2026," but the reality is more complicated: President Trump has promoted the idea, yet available reporting shows only proposals and commentary, not ...

Under the so-called Big Beautiful Bill, overtime workers will soon be able to deduct some of their wages from their taxes. But who receives overtime in New Hampshire and Maine? According to federal ...