Takeaways For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax ...
The agency is delaying implementation of a provision of the new law that prevents workers in certain service businesses from ...
The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...
Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.
The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...
The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS ...
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