"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...
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No tax on overtime – do you qualify?
If you like how working overtime boosts your paycheck, you'll love how it can supersize your tax refund or cut your tax bill. That's because there's a brand new tax deduction for overtime pay. It's ...
The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary overtime deduction.
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