New deduction -
- Effective for 2025 (retroactive to January 1, 2025) through 2028, a deduction is allowed for qualified overtime compensation received during the taxable year...more
On July 4, 2025, President Trump signed ”An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14” (formerly known as the “One Big Beautiful Bill Act”) (the Act), comprehensive tax reform legislation that...more