No Tax on Overtime: OBBBA Overtime and Tips Tax Deduction Guide 2025-2028

Byadmin 03/30/202603/30/2026

Can I deduct overtime pay from my federal taxes under the new law? Yes — the One, Big, Beautiful Bill Act (OBBBA) created an overtime tax deduction worth up to $12,500 for individuals ($25,000 joint filers) for qualifying FLSA overtime earned from 2025 through 2028. A separate tips deduction of up to $25,000 is also…

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Tax Tips

New Qualified Overtime Compensation Deduction: Are You Eligible?

Byadmin 01/30/202601/30/2026

New Overtime Tax Deduction? Discover if your hard work in 2025 qualifies you for the new deduction under the One, Big, Beautiful Bill Act. Did you put in a lot of extra hours at work last year? 😓 If you found yourself burning the midnight oil, I have some potentially great news for you….