The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...
The overtime deduction is temporary – it only applies for the 2025 to 2028 tax years.
An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act ...
With tax season just around the corner, knowing how to navigate work from home tax deductions can help you save time — and money — on your tax returns.
Feel like you're starting the new year with slimmed down work benefits? You may be right. Changes in some business tax laws may be partly drivng it.
The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...
January is an ideal time to do tax planning for income in 2026. Where to begin? Start with these numbers related to withholding, estimated taxes, and retirement savings.
The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...
Among other employment measures, July’s One Big Beautiful Bill Act gives FLSA non-exempt workers a limited ability to deduct overtime pay from their federal taxes, retroactive to July 1, 2025.
Earlier this month, President Trump signed the “One Big Beautiful Bill” (OBBB) into law, which contains two key provisions that are likely to be very popular with employees. Those provisions provide ...
The University is prohibited from making improper deductions from the salaries of exempt employees and must comply with the salary basis requirements of the Fair Labor Standards Act (FLSA). Employees ...
Learn how reimbursable out-of-pocket costs work, which expenses qualify, and what employees need to know about tracking and ...