One of the most common questions employees ask when reviewing their pay stub is: “Why isn’t any federal income tax being withheld from my paycheck?” While it can feel alarming, there are several legitimate reasons this can happen. Understanding the “why” can help...
This Fact Sheet provides answers to frequently asked questions (FAQs) about the new deduction for qualified overtime compensation, such as who may be eligible to claim the deduction, including federal employees, and where to find supplemental information on...
IR-2026-02, Jan. 8, 2026 WASHINGTON — The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. This year, several new tax law provisions of the One, Big, Beautiful Bill become effective, which could impact...