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

A new deduction allows workers to subtract part of their overtime wages from their 2025 taxable income, lowering some taxpayers' bills in April. However, workers will need to calculate their deduction ...

If you like how working overtime boosts your paycheck, you'll love how it can supersize your tax refund or cut your tax bill. That's because there's a brand new tax deduction for overtime pay. It's ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

You'll want to pay attention to new and enhanced tax deductions while filing income tax returns this year.