Harrison Dillman

Stoel Rives LLP

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Highlights of the “No Tax on Overtime” Provision of the OBBBA

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

8/26/2025  /  Employer Responsibilities , Fair Labor Standards Act (FLSA) , IRS , New Legislation , Over-Time , Reporting Requirements , Tax Deductions
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