NewsNation on MSN

‘No Tax on Overtime’: What to know about the deduction

The “No Tax on Overtime” is a tax deduction that allows certain workers to deduct up to $12,500 in qualified overtime ...
Forbes

House And Senate Propose Form 1099 Reporting Relief For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

The House of Representatives and the Senate have both proposed changes in the reporting thresholds for Form 1099-K and Form 1099-NEC. The goal? Fewer forms for taxpayers. Republicans on the Senate ...
JournalofAccountancy

IRS clarifies how employees can claim 2025 tip and overtime deductions

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...
Opinion
The Monterey County Herald on MSNOpinion

Barry Dolowich, Tax Tips: Taxability of unemployment insurance and worker’s compensation payments

You should receive a 2025 Form 1099-G by Jan. 31, reporting the amount of the unemployment insurance payments you received during 2025.