New labour code: Can higher gratuity and social security costs under Social Security Code, 2020 be offset by employers by salary restructuring ?The recent notification of the Social Security (Central) Rules, 2026 under the Code on Social Security, 2020 marks a significant shift in I...
11 May, 2026, 12.27 PM IST
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
Meal vouchers at Rs 200 per meal: Who gets income tax benefit and how the ‘working hours’ rule appliesThe increase in the tax-exempt limit for employer-provided meals to ₹200 per meal under Rule 15 of the Income-Tax Rules, 2026 marks a signi...
18 Apr, 2026, 07.01 AM IST
New tax breaks, smaller refunds? Why some filers aren’t seeing more moneyNew tax breaks in 2025 are not giving bigger refunds to everyone. Income limits reduce benefits for overtime, tips, seniors, and car loan i...
08 Apr, 2026, 09.50 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
Trump’s ‘Big Beautiful Bill’: What it could mean for your tax refund this yearTrump’s Big Beautiful Bill Act could change tax refunds for millions of Americans. The plan aims to lower taxes for families, workers, and ...
27 Jan, 2026, 07.36 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
Your 2026 tax return is changing: 5 IRS rule updates every filer needs to knowIRS tax rules are changing for 2026, and Americans need to be ready. Standard deductions are going up, seniors may get extra savings, and n...
31 Dec, 2025, 12.48 AM 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
Tax deductions in 2026: What Americans need to know?Income Tax Deductions in 2026: In some states, the new federal tax breaks will automatically apply to state income taxes unless legislature...
22 Dec, 2025, 01.32 AM 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
No tax on tips or overtime? This could be the game-changer your paycheck needsTrump tax law is making headlines with a major change that eliminates federal income taxes on tips and overtime pay, starting in 2025. This...
04 Jul, 2025, 07.26 PM IST