Surge of tax filers claim overtime deduction: Did they do it right? [USA TODAY]
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Source: USA TODAY
The average deduction claimed so far this tax season for 'no tax on overtime' was $3,100, according to U.S. Treasury officials. IRS warns taxpayers to guard against dishonest tax preparers advertising so-called expert 'help' to claim the tip and overtime deductions, charging excessive fees. Clocking extra hours in overtime in 2025 turned into some real cash at tax time for more than 25 million filers who claimed the new break on their federal income tax returns. The average deduction claimed on Schedule 1-A so far this tax season for what's dubbed as the “no tax on overtime” break ended up being $3,100, according to Treasury officials. A $3,100 deduction for a taxpayer in the 22% tax bracket would lead to a $682 tax cut. That cut could increase the size of the refund or translate into fewer tax dollars owed. In a 12% bracket, a $3,100 deduction would generate a $372 tax cut. While most people have filed their 2025 tax returns already, it's important to understand that the o
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