TAX MAN: No Tax on Overtime

TAX MAN: No tax on overtime

By now, most of us have heard that President Trump signed the One Big Beautiful Bill Act into law and some of the tax changes it makes will be effective this year. We’ll dive a little deeper into one of them, “No Tax on Overtime,” this week. The benefit of the new provision is pegged to “Qualified Overtime Compensation,” which the Act defines as “paid to an individual required under section 7 of the Fair Labor Standards Act of 1938 that is in ex…

House leader drops income tax cut to focus on exempting tips, overtime

LANSING — House Republicans are dropping their bid to broadly cut the state income tax amid an impasse over increasing road funding and passing the next budget, instead prioritizing no taxation of overtime pay, tips and Social Security. Speaker Matt Hall announced the decision this week, about a month-and-a-half before... Please login to read all 480 words.