IRS Offers More Info On How The New Overtime Deduction Works

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

IRS Releases FAQs Addressing the New Deduction for Qualified Overtime Compensation

On January 23, 2026, the Department of Treasury and the Internal Revenue Service (IRS) issued Fact Sheet 2026-01, providing answers to ...
Journal of Accountancy

IRS releases FAQs on qualified overtime pay deduction under H.R. 1

An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act rules apply, including for federal employees.
Accounting Today

IRS offers guidance on overtime deduction ahead of tax season

The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

IRS Fact Sheet: FAQs on New Deduction for Qualified Overtime Compensation

The IRS released an updated FAQs on the new deduction for qualified overtime compensation from Public Law 119-21, the One Big Beautiful Bil Act. The information includes clarifying the tax ...
The Daily Overview on MSN

No taxes on overtime in 2026? 8 moves workers must make now to qualify

Workers keep hearing about "no taxes on overtime in 2026," but the reality is more complicated: President Trump has promoted the idea, yet available reporting shows only proposals and commentary, not ...