The recently enacted One Big Beautiful Bill Act introduces a major change to the federal tax code, delivering welcome news for both employees and employers for tax years 2025 through 2028, as qualified overtime pay will not be subject to Federal income tax.
This move is poised to increase take-home pay for many American workers and streamline compensation strategies for businesses.
No Tax on Overtime Pay
Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful Bill , Overtime
Understanding the Changes to Tax on Overtime Pay
Taxes - Corporate & Business , Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful Bill , OvertimeThe recently enacted One Big Beautiful Bill Act introduces a major change to the federal tax code, delivering welcome news for both employees and employers for tax years 2025 through 2028, as qualified overtime pay will not be subject to Federal income tax.
Charitable Contribution Limitations Under H.R. 1
Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful Bill , Charitable DonationsThe One Big Beautiful Bill Act (OBBBA), also known as H.R. 1, was signed into law in July 2025, bringing significant changes to the rules governing charitable contribution deductions for taxpayers who itemize.
Get Back When You Give Back: New Universal Charitable Deduction
Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful Bill , Charitable DonationsBeginning in 2026, a significant tax benefit will be available for taxpayers who make charitable donations, even if they do not itemize deductions on their tax returns.
Getting Older Still Has Its Tax Benefits
Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful BillBonus Senior Deduction
Beginning with the 2025 tax year, seniors age 65 and older are eligible for a new tax break designed to provide meaningful relief at filing time.
Extended Filing Due Date Approaches for 2024 Individual Income and Gift Tax Returns
As the Oct. 15, extension deadline looms for filing 2024 individual income and gift tax returns, what does the federal government shutdown mean for Internal Revenue Service employees and individual taxpayers?
One Big Beautiful Bill - New Individual Tax Provisions
Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful Bill , OBBBOn July 4, President Donald Trump signed the One Big Beautiful Bill Act (“OBBB”) into law after the Senate and House passed the bill on July 1 and July 3, respectfully.
One Big Beautiful Bill - Extended/Modified Individual Tax Provisions
Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful Bill , OBBBOn July 4, President Donald Trump signed the One Big Beautiful Bill Act (“OBBB”) into law after the Senate and House passed the bill on July 1 and July 3, respectfully.
How to Avoid IRS Scams During Tax Season
identity theft , scams , Taxes - Planning, Rules and Returns , Taxes - Individual , IRSTax season can be stressful, but it becomes even more challenging when scammers try to take advantage of unsuspecting people.
Changes made to OH|Tax eServices portal
Taxes - Corporate & Business , Taxes - Individual , Online Tax Payment , Ohio Department of TaxationSince Dec. 9, business taxpayers have been able to view their account status online through the OH|TAX eServices system.
Have Nagging Financial Questions?
