The IRS is rolling out new deductions for tip and overtime income. Here's how they work and who qualifies.

The IRS will begin accepting 2025 tax returns on Monday, Jan. 26, 2026, the agency announced. Taxpayers have until Wednesday, ...

There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...

In a surprise move, the Senate unanimously passed the No Tax on Tips Act which would allow up to a $25,000 deduction for workers who typically receive tips as part of their compensation. In a surprise ...

Tipped workers will be able to deduct up to $25,000 in tips from their taxable income beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

The Internal Revenue Service and the Treasury have issued guidance for taxpayers to claim the deductions for tips and overtime pay from the One Big Beautiful Bill Act. Processing Content The two ...

The 'One Big Beautiful Bill Act' (OBB), signed by President Donald Trump, is reshaping the U.S. tax landscape. While the bill covers various political objectives, including Medicaid cuts and extending ...

DENVER (KDVR) – As the end of the year approaches, many workers who rely on tips and overtime pay may face some confusion as they prepare for tax return season. President Trump’s bill passed by the ...

Recent survey data from the Philadelphia Fed and the University of Michigan indicate a significant rise in inflation expectations since early February. The Trump administration's tariff and ...