The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax deduction on qualified overtime ...

The new guidance grants employees and employers “transition relief” until Jan. 1 of the first calendar year after final rules ...

Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.

The IRS has released guidance for President Donald Trump's tips and overtime deductions. Here's what workers need to know.