Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security CodeEnhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wa...
06 May, 2026, 07.33 AM IST
More money back: New deductions drive surge in tax refunds across the USUS tax refunds surge in 2026, confirmed by Internal Revenue Service data. Average refunds jump nearly 11% year-over-year nationwide. Millio...
03 Apr, 2026, 05.40 PM IST
Overtime, gratuity, leave rules, 50% wage rule and salary components decoded in new Labour CodesNew Labour Law Salary Structure: Effective November 21, 2025, redefine "wages," impacting overtime, gratuity, and retirement benefits. The ...
21 Mar, 2026, 01.33 PM IST
IRS adds Schedule 1-A form for 2025, miss it and you could lose tax breaksSchedule 1-A is a new tax form for 2025 that many people must file to get extra tax benefits. It includes deductions for overtime, tips, ca...
20 Mar, 2026, 07.46 PM IST
You might be missing out on tax-free overtime in 2025 — here’s the catchThe 2025 overtime tax deduction sounds like tax-free money but comes with strict rules. Not all overtime pay qualifies, and many workers ma...
18 Mar, 2026, 06.47 PM IST
Tax season insight: Why workers may benefit more from paychecks than investmentsNew tax changes in the United States may help workers save more money during the 2025 tax season. Deductions on overtime pay, tips, and a h...
12 Mar, 2026, 09.55 PM IST
How the 2025 tax law changes your 2026 return: What to know before you fileThe One Big Beautiful Bill Act of 2025 introduces significant tax changes for 2026 filings. Key reforms include new deductions for tips and...
03 Jan, 2026, 03.32 PM IST
Boss fires employee without explanation, company ends up paying 5X the salary it tried to saveA long-serving employee was fired without explanation and quickly replaced with a lower-paid hire, a move aimed at cutting costs. The decis...
02 Jan, 2026, 02.26 PM IST
Up to $25,000, tax-free: A little-known IRS rule is creating a rare cash opportunity for AmericansAmericans could miss up to $25,000 in tax-free tips and overtime deductions under new IRS rules. Only voluntary tips and the premium portio...
22 Dec, 2025, 11.30 PM IST
IRS 2026 tax refund: Is a higher tax refund coming in 2026? Here’s how much money Americans could get back next yearIRS 2026 tax refund: The 2026 tax filing season is shaping up to look very different from recent years. Early projections suggest millions ...
17 Dec, 2025, 11.20 PM IST
What is no tax on overtime deduction and where it is not applicable? Trump overtime tax rule and state restrictions explained. Here's when it starts, how it worksWhat is no tax on overtime deduction and where it is not applicable is a key policy question after the Trump administration approved a fede...
18 Nov, 2025, 02.55 AM IST
IRS unveils new form letting workers claim tax deductions on their tipsIRS tax breaks for workers are here. Millions can now keep more of their tips and overtime pay. New deductions for 2025–2028 make it easier...
04 Oct, 2025, 11.17 PM IST
New 2025 tax breaks: Americans to save up to $25,000 on overtime and tip income — here’s howA massive tax shake-up is coming in 2025—and it’s great news for millions of hardworking Americans. Under the newly passed One Big Beautifu...
06 Aug, 2025, 12.58 AM IST
No taxes on overtime or tips? What the new proposal could mean for your paycheckA new law called One Big Beautiful Bill Act (OBBBA) brings tax breaks. It fulfills former President Trump's promises. Overtime and tips wil...
21 Jul, 2025, 07.08 PM IST
10 ways Trump's 'big beautiful bill' could affect your walletUS House Republicans passed a tax and spending package. The bill includes tax cuts and changes to federal benefits. It increases the nation...
23 May, 2025, 04.36 PM IST
Millions more workers would be entitled to overtime pay under a proposed Biden administration ruleThe Biden administration plans to propose a new rule that would expand overtime pay eligibility for 3.6 million U.S. workers. The rule woul...
30 Aug, 2023, 05.18 PM IST
Cognizant to pay $5.7 million in class-action suitDebi Mishra filed the original complaint on August 25, 2017. About a year later, the parties participated in a full day of private mediatio...
03 Jun, 2020, 10.27 AM IST