IRS Fact Sheet: FAQs on New Deduction for Qualified Overtime Compensation

Jan. 29, 2026, 11:53 PM UTC

The IRS released an updated FAQs on the new deduction for qualified overtime compensation from Public Law 119-21, the One Big Beautiful Bil Act. The information includes clarifying the tax deduction for overtime compensation, eligibility requirements, and how taxpayers can find supplemental information on eligibility and other rules. [Fact Sheet 2026-01 (Jan. 01, 2025)]

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