Employers are already adapting their overtime and payroll strategies now that the law is in effect. What Is “No Tax on ...

No tax on tips and overtime pay is officially law, as part of President Donald Trump's sprawling tax cut and spending package signed into law on Fourth of July. Despite heated partisan divides over ...

The AICPA said taxpayers and tax professionals need certainty about how to claim the deductions for 2025. The IRS has said it will not update its forms until 2026.

The Congressional Budget Office warned that exempting overtime pay from income taxes could lead to $124 billion in lost tax revenue. It’s too soon to say whether the overtime ta ...

The Senate side of the Capitol is seen in Washington, early Monday, June 30, 2025, as Republicans plan to begin a final push to advance President Donald Trump's big tax breaks and spending cuts ...

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year. But which workers will qualify for the new deductions ...

The Supreme Court has ruled that even if hospitals have contracts with interns and residents to work up to 80 hours per week, ...