President Donald Trump has renewed his call for tax cuts, including eliminating taxes on overtime pay and tips. Speaking to Congress, he urged lawmakers to support what he described as much-needed ...

"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...

"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...

Republican senators introduced legislation on Tuesday that would create an income tax deduction for overtime wage earners – a bill they say fulfills President Trump’s “no tax on overtime” campaign ...

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...