Guidance on President Donald Trump’s overtime pay tax break is expected early next year, US Labor Secretary Lori Chavez-DeRemer said Thursday.
“I would imagine that with those policies in place from the Working Families Tax Cut that we’ll start to see stuff in the first and second quarter,” said Chavez-DeRemer in an interview with Bloomberg TV. “But any specifics I don’t have on an actual release date.”
Employers and workers are grappling with who will be eligible for the policies exempting some overtime from taxes enacted in the GOP’s tax-and-spending law signed in July, and how to comply.
- Certain workers ...