Understanding the IRS's 'No tax on overtime' law: Avoid $5,000 mistakes

Workers misunderstanding the IRS ‘no tax on overtime’ rule could face costly penalties, and even the ‘no tax on tips’ break ...

New IRS overtime tax laws explained

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

How The New Overtime Deduction Works And Who Is Eligible To Claim It

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary overtime deduction.
Staten Island Advance

Overtime pay now tax-deductible: Details on Trump’s new tax break

Millions of Americans can now keep more of their overtime earnings courtesy of language included in President Donald Trump’s “Big Beautiful Bill.” The legislation includes the creation of an above-the ...
Politifact

Overtime pay receives tax break in megabill

President Donald Trump's major tax and spending law includes a four-year provision to shield overtime pay from taxation. During the 2024 campaign, Trump said he would "end all taxes on overtime." The ...
Investopedia

To Get This New Tax Deduction, You Must Calculate Your Overtime Pay—Here’s How

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...