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Midrange earners stand to see meaningful savings, too. A warehouse supervisor earning $60,000 with $10,000 in overtime could ...

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year ...

The employer portion isn't subject to federal income tax. Subtract half of the self-employment FICA tax, or 7.65 percent, for the total earnings to find net earnings.