Tag: overtime_compensation

IRS Updates FAQs on Qualified Overtime Compensation Deduction

6 Aug 2026 12:19 p.m.

The IRS has updated its frequently asked questions regarding deductions for qualified overtime compensation. These revisions, incorporated into Fact Sheet FS-2026-13, supersede previous guidance from January 2026, providing taxpayers with the latest information on this important tax matter.

Politics and Government Business Media Federal Government Economy Employment and Labor Digital and Print Publishing IRS Overtime Compensation Tax Deduction FAQs Tax Guidance Fact Sheet Taxation
IRS Updates Guidance on Qualified Overtime Deduction FAQs

6 Aug 2026 12:18 p.m.

The IRS has updated its FAQs on qualified overtime compensation deductions, providing new guidance in Fact Sheet FS-2026-13. This revises previous information from January 2026, offering taxpayers the latest details on this important tax matter.

Business Politics and Government Economy Federal Government Employment and Labor Legal IRS Tax Deductions Overtime Compensation Tax Guidance FAQs Taxation Government