No Tax on Overtime—What You Need to Know
Overtime just got a tax twist. Thanks to a new federal law, many workers and employers can now deduct a portion of overtime from their federal taxable income, effective retroactively to January 1, 2025. That’s big news for payroll, employee communications, and year-end reporting. Here at Edgewater CPA Group, our team is breaking it down so you can move from “Wait, what?” to “We’ve got this.”