Understanding the New Tax Break for Overtime Pay By law, nonexempt employees — whether paid hourly or salaried — must be paid at least 1.5 times their regular rate of pay for all hours worked over 40 in a...
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New Federal Tax Break for Tipped Workers The One Big Beautiful Bill Act allows certain employees to deduct a portion of their reported tip income from federal income tax. The law provides an above-the-line deduction of up to $25,000...