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

As part of the One, Big, Beautiful Bill Act, taxpayers are entitled to a tax deduction on “qualified overtime” and “qualified tips” received during tax years 2025 through 2028. The following is a ...

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.

New overtime regulations of the Fair Labor Standards Act (FLSA) were set to become effective on Dec. 1, but an injunction by a federal judge in Texas has blocked its implementation for the time being.

Under the Fair Labor Standards Act (FLSA), whether a worker is classified as an employee or an independent contractor determines access to the statute’s core protections. The FLSA entitles employees ...

The financial risk of non-compliance with the Fair Labor Standards Act (FLSA) is escalating for businesses across the country ...