The IRS is rolling out new deductions for tip and overtime income. Here's how they work and who qualifies.

Workers keep hearing about "no taxes on overtime in 2026," but the reality is more complicated: President Trump has promoted the idea, yet available reporting shows only proposals and commentary, not ...

There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...

President Trump promised no taxes on overtime through the budget megabill he signed last summer. But a left-leaning policy ...

"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...

Chicago's inspector general is urging city departments to do more to monitor overtime payments to city employees, after ...

President Donald Trump’s signature “one big beautiful bill” promises to let workers keep more of what they earn by making tips and overtime wages — tax-free. For the hundreds of thousands who rely on ...

(NEXSTAR) — After an overnight marathon, the Senate on Tuesday passed a major package to advance priorities central to President Donald Trump’s agenda with the help of a tie-breaking vote from Vice ...

The city’s finances are, needless to say, in an extremely precarious place, and we can ill-afford mistakes which run well ...

ALBANY — Language in the New York state budget will close a loophole that has blocked dozens of farms from accessing a state tax credit meant to cover the extra overtime costs caused by the mandated ...