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General Motors layoffs to hit Kansas workers hardest in 2025

HR Digest

Itll help ensure the Fairfax plant is leaner and ready for electric vehicle production by early 2026. The General Motors layoffs align with this vision, even if they come at a human cost. The GM layoffs in Kansas will be a calculated move to optimize resources during this retooling period.

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Looking Ahead to Your 2024 Tax Return

Money Talk

Finally, it is not too early to begin thinking about income taxes in 2026, when the Tax Cuts and Jobs Act (TCJA) is set to expire. If Congress does not extend the TCJA or pass a new tax law before January 1, 2026, 2017 tax rules will apply, indexed for inflation. As a result, there will be an increase in tax rates (e.g.,

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Government announces new digital hub for Manchester

Workplace Insight

This collaboration involved establishing an updated Strategic Regeneration Framework, a shared vision to revitalize the former retail site. With land purchase anticipated to be finalized next year, construction is set to begin in 2026.

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No Tax on Overtime in California: When Does the Payoff Begin?

HR Digest

Its a signal to states like California, where overtime is already a legal entitlement for many under the Fair Labor Standards Act and state labor codes, to consider aligning with this tax exemption vision. If no tax on overtime starts in California, implementation might align with the 2025-2026 fiscal year.

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Future is Here: How Metaverse Becomes the Part of HR Technology

HR Digest

According to Gartner , 25% of individuals will spend at least one hour every day in the Metaverse for work, retail, education, social networking, and/or leisure by 2026. As technologists and the next generation create and design the future workplace, HR must be on board and thinking about innovation and vision in tandem.

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States with no tax on overtime pay, who is leading in tax exemption?

HR Digest

Its bided as a long-term vision with no sunset date, as noted in April 2024 tax analyses. Rhode Island: Senate Bill 2568 targets a temporary reprieve for 2025 and 2026, offering a test run for no tax on overtime laws by state. New Jersey: Assembly Bill 2621 proposes a permanent tax exemption on overtime pay.

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

The Internal Revenue Service (IRS) will begin enforcing this provision in 2026. This enables workers to pay taxes up front on the funds they contribute, and then grow and withdraw these larger funds at a later date tax free. In 2033, this age will be 75.

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