WASHINGTON — The federal tax filing deadline of April 15 is fast approaching, but this year’s returns come with a significant new break for many hourly workers: a deduction for part of their overtime ...

A key part of the OBBBA is the 'no tax on overtime' deduction. Learn how to deduct up to $25,000 in overtime pay, who is ...

Millions of workers saw bigger refunds or smaller tax bills after claiming a new overtime deduction. But some ask why so many ...

Alan West, an hourly worker at Tom Pitzer Trucking, was thrilled to learn his overtime pay might not be taxed. "No tax on overtime — a lot more money in my pocket," West said. But as tax filing season ...

Tax experts and labor leaders warn the rules are more complicated than they sound Tax experts and labor leaders warn the rules are more complicated than they sound Tax experts and labor leaders warn ...

You can deduct overtime whether you itemize your taxes or not, which opens this up for more folks. But this is the stickler: You may deduct the pay that exceeds regular pay, such as the "half" portion ...