"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...
The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...
With overtime costs in the tens of millions in multiple departments, state officials are debating whether more workers should be hired in order to avoid expensive overtime rates. The latest statistics ...
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