If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...

What extra cash comes your way after your shift goes into overtime and what amount of overtime pay qualifies for a tax deduction on 2025 federal income tax returns, oddly enough, can amount to two ...

Photo courtesy Indianapolis (IN) Fire PIO. Many individuals work long hours—far beyond the standard 40-hour week. Starting with tax year 2025, a tax provision in the One Big Beautiful Bill Act (OBBBA) ...

Last month, former President Donald Trump declared, “If you’re an overtime worker, when you’re past 40 hours a week . . . your overtime hours will be tax-free.” If kept, this promise, though as vague ...

The overtime deduction is an option whether a taxpayer claims the standard deduction or itemizes deductions, such a deducting mortgage interest. It's a mixed bag when it comes to what employers are ...