Donald Trump’s proposal to eliminate overtime tax has ignited chatter.

A new deduction allows workers to subtract part of their overtime wages from their 2025 taxable income, lowering some taxpayers' bills in April. However, workers will need to calculate their deduction ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

Some overtime pay is exempted from federal taxes, but Colorado did not follow suit. Here's why and how to report it to the state this tax season.