Trump's 'no tax on overtime' deduction could be tricky this season — how to claim it

President Donald Trump's "big beautiful bill" added the "no tax on overtime" deduction for 2025 returns. Here's how to claim the tax break.
National Law Review

No Tax on Tips and No Tax on Overtime but Employer Reporting Obligations are Not Free

As part of the One, Big, Beautiful Bill Act, taxpayers are entitled to a tax deduction on “qualified overtime” and “qualified tips” received during tax years 2025 through 2028. The following is a ...

Maximize Tax Savings with Payroll Deductions

Discover how payroll deductions like 401(k) contributions and FSAs can reduce your tax burden and boost savings, paving the ...

How to qualify for the new $25,000 tip deduction on 2025 taxes

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

How The New Overtime Deduction Works And Who Is Eligible To Claim It

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

Want a bigger tax return this year? Some workers may be eligible for a new deduction

Good news about taxes? A new law could boost returns for hourly workers, but there are some key factors. Click here to find ...

4 new deductions could lower your tax bill. What to know.

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

Are employee reimbursements taxable under IRS rules?

Ramp reports that employee reimbursements are non-taxable under accountable plans but taxable under non-accountable plans due ...