Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

"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 ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

"I do not draw broader conclusions about whether all non-hourly pay should receive the heightened multiplier, how to combine different pay types in the regular rate or presume to address any other ...