01/25/2026
Good news for 2025 taxpayers: The One Big Beautiful Bill (OBBA) lets individuals deduct qualified overtime pay on their 2025 federal return. Employers are encouraged to report an estimate in Box 14 (often coded “OT” or “OBBOTT”), but your eligibility depends on your personal tax situation. Read the full details and next steps to prepare your return: https://wix.to/Od5XEvW
The One Big Beautiful Bill Act (OBBA) that was signed into law on July 4,2025, allows individuals to deduct qualified overtime pay for tax year 2025.Although the IRS does not require employers to report, they have stronglyurged them to provide a best estimate to employees regarding this amountin Box...