Millions of workers saw bigger refunds or smaller tax bills after claiming a new overtime deduction. But some ask why so many ...

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Photo courtesy Indianapolis (IN) Fire PIO. Many individuals work long hours—far beyond the standard 40-hour week. Starting with tax year 2025, a tax provision in the One Big Beautiful Bill Act (OBBBA) ...

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"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...

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 ...