The One Big Beautiful Bill Act introduced a new deduction called No Tax on Overtime for the 2025 tax filing season.
Young and the Invested on MSN

No tax on overtime – do you qualify?

"No Tax on Overtime" – Do You Qualify?
Millions of Americans can now keep more of their overtime earnings courtesy of language included in President Donald Trump’s “Big Beautiful Bill.” The legislation includes the creation of an above-the ...
Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...
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 ...
The U.S. Department of Labor’s Wage and Hour Division (DOL) recently issued Opinion Letter FLSA2026-2 confirming that incentive bonuses earned under ...
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 ...
In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ensure your payroll is precise.
(CNN) — 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. (CNN) — Many Americans who work overtime will get a break on ...