The OBBBA law created a new tax deduction for overtime pay. Find out if you're eligible, how much you can deduct, and how to report it on your 2025 return.

Brand new rules for tax breaks on overtime and tip income are bound to drive taxpayers bonkers when trying to file their 2025 federal income tax returns next year. Expect to face far more work and ...

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 ...

President Trump's promise of "no tax on tips" and "no tax on overtime" is finally moving from campaign slogan to practical reality, as the Internal Revenue Service begins spelling out how workers and ...

The NFL finally, mercifully, changed its overtime rules in 2025. No longer can regular season games be profoundly influenced by how a coin falls. The league altered its rulebook last spring, aligning ...

November 24, 2025 - WASHINGTON — The Department of the Treasury and the Internal Revenue Service have issued guidance for workers eligible to claim the deduction for tips and for overtime compensation ...

Millions of Americans who receive tips or overtime pay have been issued new guidance from the Internal Revenue Service (IRS) clarifying what tax deductions are available to them. On Friday, the IRS ...

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...

Back in 1938, the Fair Labor Standards Act led to the first minimum wage of $0.25 per hour. Over time, the federal minimum wage has obviously increased — but it hasn't always kept pace with inflation.

The Ohio House has sent Gov. Mike DeWine two measures that encourage extending the hours 14-year-olds and 15-year-olds in the state can work. Senate Bill 50, introduced in January by Sen. Tim Schaffer ...

The Jaguars wanted the ball first in overtime Sunday and Trevor Lawrence and company delivered the win. Chris Unger / Getty Images The NFL enjoyed its fourth overtime game of the season Sunday, a ...