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Trump's Big Beautiful Bill won't tax OT, tips. Will your paycheck increase?
If you’re banking on tax-free overtime to boost your paycheck, you’re out of luck. Trump’s “big beautiful bill” doesn’t change what you’re paid; it changes what you’re taxed. That happens at tax time, not on payday. Employers will keep withholding taxes as usual, and it’s up to you to apply the deduction — if you qualify — when you file.
Trump’s temporary tax breaks: 5 ‘big beautiful bill’ provisions that may not stick around for long
Workers who pick up extra shifts may now qualify for temporary relief on their overtime pay. From 2025 through 2028, single filers can deduct up to $12,500 of overtime pay, and married couples filing jointly can deduct up to $25,000.
A provision that allows bettors to deduct only 90 percent of their losses threatens to drive some professionals to other ...
Range reports high earners must pay quarterly estimated taxes if they owe over $1,000, with specific guidelines to avoid ...
Whether you underwithheld taxes on your paycheck or didn't make your estimated tax payments, you might have a surprise bill from the IRS. So when you see how much you owe, you might realize ...
The Social Security Administration said the bill ensures most Social Security beneficiaries will no longer pay federal income ...
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