The One Big Beautiful Bill Act introduced a new deduction called No Tax on Overtime for the 2025 tax filing season.

Forbes contributors publish independent expert analyses and insights. Andrew Leahey is an attorney and law professor that covers tax. TOPSHOT - US President Donald Trump (C) shows his signature on the ...

Maximize your tax savings with this new deduction for qualified overtime pay. Eligible workers can deduct up to $12,500 of overtime pay earned during the year (up to $25,000 for married couples filing ...

The new federal “no tax on overtime” law may not mean what you think it does. To start with, all of your overtime pay is not included. “No tax on overtime” is a highly promoted part of this year's ...