To get this new tax deduction, you must calculate your overtime pay—here’s how

KEY TAKEAWAYS A new deduction allows workers to subtract part of their overtime wages from their 2025 taxable income, lowering some taxpayers' bills in April.However, workers will need to calculate ...
Forbes

IRS Payroll Tax Violations Can Draw Big Penalties And Even Prison Time

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Apr 25, 2025, 01:01pm EDT Apr 25, 2025, 02:01pm EDT Audit fraud.
Detroit Free Press

IRS Ramps Up Penalties for Late Payroll Taxes – Clear Start Tax Shares What Employers Must Do Now

IRVINE, CALIFORNIA / ACCESS Newswire / October 1, 2025 / The IRS has announced tougher penalties for late payroll tax deposits in 2025, signaling a renewed focus on employer compliance. Payroll taxes ...
USA Today

Overtime pay tax break: What the new IRS rules really mean

"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 ...

When does no tax on overtime, tips start? When taxpayers will see deductions

Thanks to Trump's spending bill, taxpayers in the U.S. can expect no taxes on overtime and tips beginning this upcoming tax ...
The Indianapolis Star

Small Business Payroll Errors on the Rise – Clear Start Tax Shares How to Avoid Costly IRS Penalties

Industry experts warn that payroll mistakes are becoming a leading cause of tax penalties for small business owners in 2025. IRVINE, CA / ACCESS Newswire / August 27, 2025 / A growing number of small ...
Forbes

IRS Says It Will Not Change Withholding Tables Or Form W-2 In 2025, Despite The New Tax Law

Taxpayers and tax professionals alike expected the IRS to issue new withholding tables and Forms W-2 to reflect changes under the One Big Beautiful Bill Act. The IRS now says that won’t happen in 2025 ...