Earlier this month, President Trump signed the “One Big Beautiful Bill” (OBBB) into law, which contains two key provisions that are likely to be very popular with employees.

Under the law, the only overtime compensation that qualifies for the new deduction is the extra wages—the “half” of “time and ...

Employees who earn tips and overtime in 2025 may be eligible for a tax break when they file their federal taxes next year under the recent federal spending budget passed. The federal spending bill ...

With the passage of the new federal tax bill on July 4, 2025, unofficially referred to as the One Big Beautiful Bill Act (OBBBA), employers ...

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

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

The president's tax bill brings charitable donation write-offs 'above the line,' allowing even filers who use standard over itemized deductions to claim the benefit.

Passed earlier this month, the legislation extends Trump's 2017 tax cuts and includes additional provisions that impact deductions, overtime pay, charitable giving, Medicaid and more.

Key Points President Trump's bill won't eliminate federal taxes on Social Security benefits. However, a new deduction for seniors should reduce the federal taxes on benefits for many Americans.

What to know -- and what isn't known yet -- about US tax deductions for tips and overtime pay Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when ...

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 ...

The massive tax law includes a hefty new tax break for people aged 65 or older: A new deduction worth up to $6,000, or $12,000 if married. But there are income limits.