For 2025, many employers — especially those operating in certain states — will see a higher federal unemployment tax burden due to the annual U.S. Department of Labor decision to reduce the FUTA credit for states that haven’t repaid federal unemployment loans. Why the...
The One Big Beautiful Bill Act (OBBBA) introduced a major change for millions of American workers: overtime pay will no longer be taxed at the federal level. Beginning in 2025, eligible employees can deduct qualified overtime wages directly from their taxable income,...
