Millions Miss Out on Overtime Tax Breaks Under Trump Labor Rules
Roughly 4 million “white collar” workers will lose out on a new tax exemption for overtime pay while Biden-era rules that expanded that pool of eligible employees remain in legal limbo and the Trump administration gears up to replace them.
Washington Must Break Its Promise on Social Security: Editorial
If there’s one thing Democrats and Republicans have agreed on in recent years, it’s to ignore the rapidly deteriorating finances of Social Security and keep its unsustainable benefits intact. The longer they dither, the worse the problem will get.
Ohio Municipalities, School Districts Pass Tax Changes
Voters in several Ohio municipalities and school districts approved income tax increases at Nov. 4 general elections, official election results showed.
IRS Releases Adjusted Retirement Contribution Amounts for 2026
The Internal Revenue Service increased retirement plan contribution limits for 2026 in a Nov. 13 notice.

State Tax Decoupling Sets Off Scramble Ahead of Filing Season
The handful of states that have already severed themselves from the federal tax code following President Donald Trump’s signature tax law enacted in July are throwing another wrench into an already complicated tax filing season.
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EmblemHealth, Workers Seek Final Nod in $3.8 Million Wage Deal
Insurance provider EmblemHealth and a group of its grievance and appeals specialists are seeking a judge’s final approval for a $3.8 million deal resolving the workers’ unpaid overtime claims.
Staffing Company Can Make Workers Pay Job-Site Transport Costs
A staffing company that provides workers with optional transportation to job sites can deduct the cost of that service from their wages and doesn’t owe them for travel time, a federal appeals court said Friday.
IRS Releases Draft Form 941 Instructions, Final Form 943
A draft of the instructions for the quarterly employer’s federal tax return with a March 2026 revision date, released Dec. 4 by the Internal Revenue Service, indicate that the same revision of the form is planned to be used for all four quarters of 2026.
Labor Department Gets One Home-Care Firm Booted From Rule Fight
The US Labor Department convinced a federal judge to throw out the claims of one of a trio of home-care firms challenging a revision to an agency rule on overtime exemptions.
Auto Club Group Finalizes $1 Million COBRA Notice Settlement
Auto Club Group‘s $1 million class settlement with workers received final court approval, resolving claims the company failed to send timely COBRA notices explaining workers’ right to keep their health coverage after leaving their jobs.
Northrop Grumman 401(k) Forfeiture Row Is Latest to Be Dismissed
OECD Clarifies Home Office Permanent Establishment Rules: Part 2
The OECD introduces new metrics for assessing permanent establishment risk in cross-border remote work.
Japan Mulls Hiking Income Tax for Defense From 2027, Asahi Says
Japan’s government and ruling parties are considering implementing a planned increase in income tax to fund defense spending from 2027, the Asahi newspaper reports, without attribution.
NYC Council Overrides Veto to Require Race, Sex Pay Data Reports
New York City will require large employers to report aggregated pay data by employees’ race and gender, after the city council voted to override an earlier veto by Mayor Eric Adams.
Tax Developments
View MoreBahrain Tax Agency Announces Entry Into Force Date of DTA With Guernsey
The Bahraini National Bureau of Revenue Dec. 3 announced that the DTA with Guernsey, signed Sept. 29, 2024, entered into force Nov. 26, 2025. [Bahrain, National Bureau for Revenue, 12/03/25] ...
Estonia Parliament Considers Bill to Ratify DTA, Protocol With Andorra
The Estonian Parliament (Riigikogu) Dec. 2 accepted for consideration Bill No. 765 SE, to ratify the DTA and protocol with Andorra, signed Sept. 23. [Estonia, Parliament, 12/02/25]
Guernsey Gazettes Ordinance Amending Social Insurance Rates
The Guernsey Official Gazette Nov. 26 published an ordinance amending social insurance contribution rates and thresholds for income classes 1 to 3. The ordinance generally enters into force Jan. 1, ...
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