An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act ...

The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

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

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 ...

Plus: Tax refunds, filing for free, car loan interest, Britney Spears goes to Tax Court, snowbirds suffer a defeat, Taxes ...

Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.

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

Escalating overtime hours clocked by sheriff’s deputies and corrections officers resulted in $21 million in OT last year.

Extra work hours in the week can mean extra pay. Now, it can also mean a new tax benefit you can claim on your return come tax time. Starting Jan.

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 ...

The City of Chicago has paid $26.5 million dollars in overtime to employees who may not have been eligible, according to the ...

Cash-grabbing state employees boosted their bottom lines last year with coveted overtime shifts, contract buyouts and more, with State Police hiking their pay into six-figure heights by claiming ...