The Internal Revenue Service (IRS) announced today that it has updated its frequently asked questions (FAQs) regarding deductions for qualified overtime compensation. This update provides taxpayers with the latest guidance on this specific tax deduction.
The revised FAQs are now available in Fact Sheet FS-2026-13. These new guidelines supersede and update the information previously issued in Fact Sheet FS-2026-01, which was released in January 2026.
Taxpayers can find additional information concerning reliance on IRS guidance on the official IRS website.