JD Supra

New Federal Tax Reporting Requirements for Overtime Compensation

The IRS has announced that new tax-reporting rules are forthcoming for overtime compensation under recent federal tax ...
NewsNation on MSN

‘No Tax on Overtime’: What to know about the deduction

The temporary provision applies to tax years from 2025 through 2028.
Forbes

One Big Beautiful Bill Act Changes Form 1099 Reporting For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

Under the new law, reporting thresholds for Form 1099-K (for payment card and third-party network transactions), Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for ...
The Financial Express

No Tax on Tips, No Tax on Overtime: IRS issues fresh guidance for 2025 returns

Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...
Forbes

House And Senate Propose Form 1099 Reporting Relief For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

The House of Representatives and the Senate have both proposed changes in the reporting thresholds for Form 1099-K and Form 1099-NEC. The goal? Fewer forms for taxpayers. Republicans on the Senate ...

Drive for Uber? What gig workers need to know about 2025 taxes

Gig workers won't receive a W-2 from DoorDash, GrubHub, Instacart or other services, meaning you will have to file additional tax forms this year.