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

The US Department of Labor issued six opinion letters on calculating overtime, bonus pay, and other standards under the Fair ...

A new deduction allows workers to subtract part of their overtime wages from their 2025 taxable income, lowering some taxpayers' bills in April. However, workers will need to calculate their deduction ...

The "big, beautiful bill" approved by the U.S. House of Representatives in a late-night vote in February included a tease for U.S. workers: seeking $4.5 trillion in tax breaks. While the resolution ...

Discretionary income is compensation that an employer can choose to provide or not. Some bonuses, gifts, and holiday benefits are examples of discretionary income (but, ONLY when their receipt is ...