APPROVED: The $12,500 Overtime Tax Exemption Schedule & Who Qualifies
WASHINGTON — Tax preparers are sounding alarms this Wednesday as millions of American workers file their 2026 returns with missing information. A new IRS reporting requirement is tripping up employees expecting a massive tax-free overtime payout. Internal data models suggest nearly 9.8% of eligible hourly workers risk losing out on a $12,500 deduction because their … Read more