No tax on overtime' is a new break that begins in 2025, but a surprising twist will have many paying more taxes than they ...

No tax on overtime' is a new break that begins in 2025, but a surprising twist will have many paying more taxes than they imagined with a deduction.

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 ...

Overtime pay isn't currently separated out on an employee's W-2 tax form, for example, but employers generally keep track of it and itemize it on employees' pay stubs, said Miguel Burgos, a ...

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on new tax deductions ...

Tax deductions introduced in the "One Big, Beautiful Bill" could benefit older and working Americans the next time they file ...

Understanding tax bonuses, credits, and deductions can help you maximize your refund. Learn how each affects your bottom line ...

but it’s slanted toward middle- and higher-income earners — workers who owe enough federal income tax for the deductions to make a real difference. For example, a police officer earning a $75,000 base ...