As part of the One, Big, Beautiful Bill Act, taxpayers are entitled to a tax deduction on “qualified overtime” and “qualified tips” received during tax years 2025 through 2028. The following is a ...

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

The Treasury Secretary has said many Americans will see a very large refund this tax season and tax experts we spoke with don't disagree. READ MORE: https://www.wspa.com/news/from-tips-to-overtime-tax ...

Early-bird tax filers will be happy to know that the Internal Revenue Service will begin accepting and processing 2025 income tax returns on Monday, Jan. 26. Taxpayers are likely to be shocked to ...

In July 2025, the 'One, Big, Beautiful Bill' was signed into law and several new tax law provisions are set to become effective, impacting federal taxes, credits and deductions. This bill makes ...

If you make your money on tips or overtime, new federal tax rules that took effect this year could affect how you file your taxes, but experts say the changes are not as simple as they sound. The IRS ...

The "No Tax on Overtime" provision in the One Big Beautiful Bill Act (OBBBA) creates a temporary federal income tax deduction for qualified overtime earned in tax years 2025 through 2028. For this ...

Although the average refund to U.S. taxpayers is expected to increase by $300 to $1,000 this tax season, some of the most-talked-about IRS tax breaks are unlikely to benefit most people. Those ...

The 2026 tax season is now open, and a new tax deduction will impact thousands of workers in New Jersey who log overtime hours. According to the U.S. Bureau of Labor Statistics, the average employee ...