You can't use the full amount of overtime pay you received last year on your taxes. It's the "half" part of "time-and-a-half" that is exempt.

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary overtime deduction.

If you like how working overtime boosts your paycheck, you'll love how it can supersize your tax refund or cut your tax bill. That's because there's a brand new tax deduction for overtime pay. It's ...

"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 ...

President Donald Trump’s simple campaign promise of “no tax on overtime,” now reality, includes lots of fine print that is ...

The “No Tax on Overtime” rules that rolled out nationwide last year have a limited impact on the agricultural industry but can create challenging compliance issues for employers. We’ll explain why ...