The “no tax on overtime” deduction is causing confusion among millions of taxpayers in 2026. Many claims may be incorrect due to unclear rules, leading to possible IRS adjustments, delays, or future audits.

The global minimum tax is at the center of heated negotiations as the U.S. pushes for changes to OECD’s Pillar Two rules. With a 15% minimum rate on multinational companies at stake, countries are rushing to finalize the deal by year-end. Will America’s demands reshape the agreement—or risk breaking it apart?