The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...
The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...
New federal tax law allows deductions on tips and overtime starting with 2025 taxes Workers earning under $150K can deduct up to $25K in tips, $12.5K in overtime Qualifying jobs may include servers, ...
The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...
The U.S. Department of Labor’s Wage and Hour Division (DOL) recently issued Opinion Letter FLSA2026-4, shedding light on key ...
COLUMBUS, Ohio — The minimum wage in Ohio will increase to $11 per hour for non-tipped employees and $5.50 per hour for tipped employees beginning on Jan. 1, 2026. According to the Ohio Department of ...
If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...