On November 15, 2024, the United States District Court for the Eastern District of Texas, set aside and vacated the U.S. Department of Labor’s (DOL) 2024 Rule increasing the minimum salary threshold ...
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Deductions 2026: The New $25,000 Tip Limit and Overtime Exclusion (OBBBA Changes)
Under the new rules, taxpayers who receive qualified tips—defined as voluntary cash or charged tips—in customarily tipped occupations can claim a maximum annual deduction of $25,000 in 2026. This ...
The Fair Labor Standards Act requires employers to pay employees overtime for working more than 40 hours in a week but it exempts some executive, administrative, and professional (EAP) workers. To be ...
A federal benchmark on overtime pay is scheduled to change Jan. 1, but implementation could be impacted by plans of the incoming Trump administration. A new federal rule that expands overtime pay ...
Trump era EPA exemption reinstated by federal court limiting overtime pay for salaried workers. On Nov. 15, according to Bloomberg Law, the Department of Labor (DOL) suffered a hit to its new ...
A federal judge in Texas on Friday permanently blocked a Biden administration rule that would have made about 4 million more salaried US workers eligible for overtime pay. US District Judge Sean ...
Imagine getting a pay raise, only to be told weeks later: Sorry, we're taking it back. That's what's happening to 306 employees at The Ohio State University now that ...
Federal law recognizes that certain “white collar” positions can be exempt from the mandatory payment of overtime compensation if the position in question satisfies certain criteria set forth in ...
Small business owners have had a mostly positive reaction to a judge’s decision to strike down an overtime rule that would have qualified more workers for overtime pay. On Nov. 15, a federal judge in ...
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What’s Happening With Taxes on Overtime Pay?
Tax cuts are in the news again, and one of the most closely watched proposals has been President Donald Trump’s push to make overtime pay tax-free for workers who put in more than 40 hours a week.
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