(NEXSTAR) — The House passed the “One Big Beautiful Bill Act” – a legislative package that combines tax breaks, spending cuts, border security funding and other priorities central to President Donald ...

In a sweeping change set to reshape the tax landscape for millions of American workers, President Donald Trump signed the massive tax bill into law on July 4. The measure fulfills one of his campaign ...

New federal tax law allows deductions on tips and overtime starting with 2025 taxes Workers earning under $150K can deduct up to $25K in tips, $12.5K in overtime Qualifying jobs may include servers, ...

President Donald Trump's major tax and spending law includes a four-year provision to shield overtime pay from taxation. During the 2024 campaign, Trump said he would "end all taxes on overtime." The ...

Many Americans who work overtime will get a break on their taxes for the next few years — but it may not be as hefty as they think.Congressional Republicans sought to fulfill President Donald Trump’s ...

You'll want to pay attention to new and enhanced tax deductions while filing income tax returns this year.

This article will clarify the legal distinction between exempt and non-exempt employees under the FLSA, detail the specific three-part test that employers must meet to legally withhold overtime, and ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NEXSTAR) — The House passed the “One Big ...

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year. But which workers will qualify for the new deductions ...