Taxes March 19, 2026
‘No Tax on Overtime’ Falls Short of Expectations for Many Workers
Across the U.S., workers are discovering that a new overtime tax break is proving less generous—and more complicated—than expected.
Taxes March 2, 2026
IRS Releases New Form Taxpayers Will Use to Claim Key OBBBA Tax Deductions
The IRS has published Schedule 1-A and its related instructions for tax year 2025 so eligible taxpayers can claim tax breaks on tips, overtime, and auto loans, as well as the enhanced deduction for senior citizens, introduced in the One Big Beautiful Bill Act.
Income Tax November 27, 2025
IRS Income Tax Refund Schedule for 2026 – When Will You Get Your Refund?
An easy calendar with no log-in or financial data needed to see an estimate of when you may receive your income tax refund, based on when you file.
Taxes November 25, 2025
A Shifting Trump-Era Landscape in Public Finance
State and local financial managers face the impact of federal aid cutbacks, plus new rules and even some opportunities. It’s a time to focus on what’s practical and necessary, both near and longer term.
Taxes November 21, 2025
IRS Issues Guidance for Workers Who Received Tips or Overtime in Tax Year 2025
The Treasury Department and the IRS issued guidance on Nov. 21 for employees who are eligible to claim the deduction for tips and for overtime compensation under the One Big Beautiful Bill Act for the 2025 tax year.
Taxes November 6, 2025
IRS Grants Penalty Relief for Reporting Tips and Overtime Under OBBBA
The Treasury Department and the IRS issued guidance on Nov. 5 providing penalty relief to employers and other payors for tax year 2025 on the new information reporting rules for cash tips and qualified overtime compensation in the tax-and-spending law.
Payroll September 18, 2025
Tax Changes to Overtime Pay Under the One Big Beautiful Bill Tax Act – OBBBA Tax Law Changes
Under the One Big Beautiful Bill Act (OBBBA), employees can deduct overtime pay in certain situations—no questions asked.