An Initial Glimpse at the Updated Tax Form for Claiming Deductions for Tips, Overtime, Car Interest, and Seniors
The IRS has unveiled drafts of several tax forms for 2026 under the One Big Beautiful Bill Act (OBBBA), which includes a new Schedule 1-A focused on Additional Deductions. This update is aimed primarily at addressing the needs of workers who earn tips and receive overtime pay. At the top of Schedule 1-A, one significant […]
Tarleton State defeats Army in double overtime
Surprising College Football Upset In a notable twist during the college football season, Tarleton State from the Football Championship Subdivision (FCS) triumphed over Army with a close score of 30-27 on Friday night. The game shifted dramatically when Brad Larson, a kicker for the Texans, scored a 37-yard field goal on his second attempt during […]
A Comprehensive Bill: How the new tax law affects Social Security, overtime pay, car loan interest, and 529 plans
New Tax Law “One Big Beautiful Bill” Brings Changes A substantial tax law known as “One Big Beautiful Bill” (OB3) is instigating significant shifts within the US tax system. Tax experts are advising individuals to closely review the details of this nearly 900-page legislation, which was recently signed into law. The bill includes various provisions […]
New Jersey state trooper who fatally shot ex-partner and her new boyfriend was previously accused of bending overtime rules to boost his salary to over $400K, lawsuit claims
A New Jersey State Police sergeant, Ricardo Santos, aged 45, has been accused of killing his ex-girlfriend, 33-year-old veterinarian Lauren Semanchik, along with her new boyfriend, Tyler Webb, who was 29. This incident reportedly stemmed from a pattern of stalking and harassment, according to the police. Santos waited for Webb to arrive home after Semanchik […]
Authorities expand investigation into former NYPD aviation leader, claims he increased overtime for friends.
The federal government is looking into potential overtime abuse within the NYPD’s elite aviation unit, which has led to the dismissal of NYPD chief Winston Faison. Lt. Colonel Lakisha Smith, Winston Wright, and Detective Tanesha Facey, who drives for Faison, reportedly accrued up to 20 hours of extra pay each month. “They really aren’t doing […]
When does the tax exemption on overtime and tips begin in Washington state? Are you qualified?
With President Donald Trump’s recent spending and cleaning bills now law, there’s some curiosity in Washington about the implications for workers. For instance, will regulations like “no tax on tips” or “no tax on overtime” be effective? So, let’s break down what’s in the federal tax credits introduced by this so-called “big beautiful bill” and […]
An analysis of Trump’s stance on taxing tips and overtime deductions
Tax Changes from Trump’s New Spending Bill President Trump has introduced a significant spending bill that includes various tax modifications, and it’s drawing attention to how these changes might benefit workers. For those filing income taxes in 2025, millions of U.S. workers, particularly those who earn tips or receive overtime pay, could be in line […]
Prison staffing issues led to a huge increase in overtime costs, reaching $445 million.
Overtime Costs Soar in New York State Prisons Amid Staffing Crisis ALBANY — New York’s state prisons are facing a significant staffing shortage, leading to eye-popping overtime expenses that have spiked to $445 million, before even considering the recent dismissals of thousands of amendment officers following an illegal strike earlier this year. The Department of […]
IRS Provides Information on New Deductions for Seniors, Tips, Overtime, and Car Interest
Recently, the IRS released guidance regarding the new provisions included in the One Big Beautiful Bill Act (OBBBA). If you’re feeling a bit lost about this legislation, you’re not alone. Before President Donald Trump enacted the bill on July 4, 2025, there was already a mix of misinformation and confusion surrounding it. The Forbes team […]
Overtime pay is now tax-deductible: Information on Trump’s new tax relief
Changes to Overtime Revenue for American Workers Thanks to President Donald Trump’s “big beautiful bill,” millions of Americans are finding ways to keep more of their earnings from overtime work. The legislation includes provisions allowing for certain deductions on overtime income. Essentially, this means that workers can deduct the amount they earn from overtime from […]