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Teal, Becker & Chiaramonte offering valuable insights, impressions and commentary on today's financial and business world.

Qualified Overtime Pay Deduction

On July 4, 2025, President Trump signed the One Big Beautiful Bill (OBBB) Act into law. The OBBB Act includes dozens of tax changes affecting individuals and businesses, including new provisions promised by President Trump during his 2024 campaign related to overtime pay.  This provision introduces a significant change in federal tax treatment for overtime… [keep reading…]

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