Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

The U.S. Department of Labor last month increased the salary thresholds for the Fair Labor Standards Act white-collar exemptions from overtime pay requirements. On July 1, the minimum annual salary ...

The One Big Beautiful Bill Act (OBBBA) offers two of the most talked-about tax changes for working Americans: No Tax on Tips ...

A new deduction allows workers to subtract part of their overtime wages from their 2025 taxable income, lowering some taxpayers' bills in April. However, workers will need to calculate their deduction ...