The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act rules apply, including for federal employees.

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily ...

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...

The University is prohibited from making improper deductions from the salaries of exempt employees and must comply with the salary basis requirements of the Fair Labor Standards Act (FLSA). Employees ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...