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 ...

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

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.

On July 4, President Donald Trump signed the "One Big Beautiful Bill Act" into law. The bill includes several tax-related initiatives, one of which is the elimination of tax on tips. The legislation ...

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...

It’s no surprise that restaurant servers, manicurists, rideshare drivers and dogwalkers are among the workers who won’t have to pay federal tax on their tip income for the next four years, according ...