Key Provisions of the “No Tax on Overtime” Rule: Effective Date: The new rule is retroactive to January 1, 2025, and is set to expire on December 31, 2028. Nature of the Benefit: This is a federal income tax deduction, not a complete exemption from all taxes on overtime. It allows eligible employees to deduct […]

Below are details of many of the tax provisions in the One Big Beautiful Bill Act, which was signed into law Friday by President Donald Trump. The House approved the measure Thursday in a 218-214 vote, after the Senate approved it Tuesday by a 51-50 vote, with Vice President JD Vance casting the tie-breaking vote. […]

Texas will give participating families about $10,000 to pay for their kids’ private schooling. Other details about the program, set to launch in 2026, are unclear. Gov. Greg Abbott on Saturday signed legislation authorizing a private school voucher program into law, marking the grand finale of an oftentimes ugly conflict that has largely defined Texas politics this […]