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

The One, Big, Beautiful Bill Act of 2025 (OBBBA) was signed into law on July 4, 2025. While its reach is broad, this article covers new employer ...

The One Big Beautiful Bill Act introduced a new deduction called No Tax on Overtime for the 2025 tax filing season.

The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

The "no tax on overtime" deduction is in effect, and here's who will qualify for the perk, The 2026 tax season opens today, ...

For example, Form 1099-NEC, used to report payments to independent contractors, must be furnished by February 2, 2026. As ...

H.R. 1 became law as Public Law 119-21, the “One Big Beautiful Bill Act” or “OBBBA,” on July 4, 2025. Although several of the most ...

Treasury and the IRS released Fact Sheet 2026-01 with FAQs on the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill.

"No Tax on Overtime" – Do You Qualify?

Donald Trump’s proposal to eliminate overtime tax has ignited chatter.

The Treasury Department and the IRS have jointly published answers to frequently asked questions related to the deduction for qualified overtime compensation introduced in the budget reconciliation ...

An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act rules apply, including for federal employees.