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

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

A new deduction allows workers to subtract part of their overtime wages from their 2025 taxable income, lowering some taxpayers' bills in April. However, workers will need to calculate their deduction ...

Under the law, eligible workers may deduct up to $12,500 of qualified overtime compensation, or up to $25,000 for married couples filing jointly. As with the new deduction for tips, the benefit phases ...

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 ...

Good news about taxes? A new law could boost returns for hourly workers, but there are some key factors. Click here to find ...

Many Americans who work overtime will get a break on their taxes for the next few years — but it may not be as hefty as they think.Congressional Republicans sought to fulfill President Donald Trump’s ...

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 Rhode Island? According to federal overtime laws ...