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.

"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 ...

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 ...

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

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