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The law also has limits. It doesn’t cover all of Amaya’s tips. As a single taxpayer, the deduction limit is $25,000, or ...
It’s not the tax relief many workers believe it to be.
“We are thinking about no tax on capital gains on houses,” Trump said during an Oval Office meeting with the president of the ...
So, Trump’s “no tax on overtime” law could mean bigger federal tax refunds for many middle-income workers across the Mid-Atlantic, especially in industries like healthcare, manufacturing, and ...
The lawsuit challenges a recently passed Colorado law that will continue taxing overtime pay at the state level.
There are a lot of big tax changes in President Donald Trump's sweeping spending bill, and 7 On Your Side is looking into how ...
Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year. 7 On Your Side has everything you need to know.
The White House has said workers benefiting from the deduction could see up to $2,000 in annual federal tax savings.
A new law called One Big Beautiful Bill Act (OBBBA) brings tax breaks. It fulfills former President Trump's promises.
Midrange earners stand to see meaningful savings, too. A warehouse supervisor earning $60,000 with $10,000 in overtime could ...
Lawsuit challenges Colorado legislation on overtime pay, claiming it violates Taxpayer's Bill of Rights and requires voter approval.
Under the new tax cut, workers can deduct up to $25,000 in tips and $12,500 in overtime pay from their taxable income on ...