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IRS Updates Overtime Tax Break Rules for 2026 Tax Year
The IRS has clarified rules for the 'no tax on overtime' deduction for the 2026 tax year, making it easier for eligible workers to claim this benefit. Employers will now be required to include relevant information on W-2s, which will simplify the process compared to filing for 2025. Eligible single filers can deduct up to $12,500, while married couples can deduct up to $25,000 on qualifying overtime pay. This change may help ensure taxpayers can more easily access the tax break, impacting their financial planning and tax returns.
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Home Depot (HD) announces $140M investment in headquarters expansion
Home Depot (HD) is planning a $140 million investment for expanding its headquarters and two additional corporate campuses, with completion targeted around 2030. This investment follows the receipt of a tax break in September 2025. The headquarters, located in Cobb County, Georgia, features various buildings, including the Store Support Center, which spans 15,660 square feet. Renovations and the addition of a new parking deck, alongside an expanded child care facility, are also part of the plan. This strategy comes as some facilities have been underutilized post-COVID-19 pandemic.
Read More: Home Depot (HD) announces $140M investment in headquarters expansion