"No Tax on Overtime" – Do You Qualify?

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

President Donald Trump's "big beautiful bill" added the "no tax on overtime" deduction for 2025 returns. Here's how to claim the tax break.

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 ...

Not all U.S. workers qualify for this new deduction — even among people who work more than 40 hours a week. To be eligible to claim “no tax on overtime,” you have to be a non-exempt hourly employee ...

President Trump’s simple campaign promise, now reality, includes lots of fine print that is confounding taxpayers and companies this filing season.

Some 3.6 million salaried workers may soon be able to earn overtime pay, according to a new proposal from the Biden administration. The rule would update the Fair Labor Standards Act to expand ...

For middle-class workers entitled to overtime, the idea of extra money at the end of the month feels like progress. In ...