There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...
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 ...
Add Yahoo as a preferred source to see more of our stories on Google. According to federal overtime laws, workers are entitled to one and one-half times their regular rate of pay for all hours worked ...
I wrote last week about President Obama’s decision to apply the time-and-a-half overtime rule to certain white-collar workers who are currently exempt. Based on the best empirical evidence, the new ...
New federal tip and overtime deductions effective in 2025 require employers to reassess payroll, reporting and compliance practices across jurisdictions. The OBBBA introduces new federal deductions ...
The new tax legislation, part of the "One Big Beautiful Bill", includes a temporary tax break for overtime pay, allowing eligible workers to deduct a portion of their overtime earnings from their ...
BEAVER, WV (WVNS) Some good news for workers in the service industry, according to President Donald Trump’s Big Beautiful ...
BEAVER, WV (WVNS) Some good news for workers in the service industry, according to President Donald Trump’s Big Beautiful Bill, tax laws will be changed so that tips and overtime will no longer be ...
Republicans’ newly passed tax and spending law makes good on a promise President Trump made over and over on the campaign trail: No Tax on Tips and Overtime. But the change likely won’t have the ...
The Fair Labor Standards Act of 1938 sets federal standards for employees including minimum wage, child labor and overtime.