The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...

Among other employment measures, July’s One Big Beautiful Bill Act gives FLSA non-exempt workers a limited ability to deduct overtime pay from their federal taxes, retroactive to July 1, 2025.

The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

The University is prohibited from making improper deductions from the salaries of exempt employees and must comply with the salary basis requirements of the Fair Labor Standards Act (FLSA). Employees ...

Is HELOC interest tax deductible? It can be if the funds are used for eligible home improvements and meet IRS requirements. Learn more with this guide.