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

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

The OBBBA law created a new tax deduction for overtime pay. Find out if you're eligible, how much you can deduct, and how to report it on your 2025 return.

Among other employment measures, July’s One Big Beautiful Bill Act gives FLSA non-exempt workers a limited ability to deduct overtime pay from their federal taxes, retroactive to July 1, 2025.

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

President Donald Trump's "One Big Beautiful" bill, signed into law on July 4, locked in his first-term tax cuts set to expire in 2025 while also introducing a slate of new breaks. A new calculator ...

Oregon workers who earned overtime pay this year will get a new break on their state income taxes, thanks to state lawmakers’ decision to copy the temporary federal overtime tax exemption in President ...