Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.

The "no tax on tips" law was a provision included in President Donald Trump's signature "One Big Beautiful Bill Act," and was ...

The Trump-era promise to shield service workers' tips and overtime from federal tax has finally arrived in the form of ...

President Trump's promise of "no tax on tips" and "no tax on overtime" is finally moving from campaign slogan to practical reality, as the Internal Revenue Service begins spelling out how workers and ...

US Department of the Treasury and the Internal Revenue Service (IRS) released guidance to claim new tax deductions on tips ...

The Internal Revenue Service (IRS) is encouraging taxpayers to prepare early for the 2026 tax filing season. By visiting the ...

For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax deduction on qualified overtime ...

IRS relaxes ‘no tax on tips law’ so more workers can take advantage. Here’s who will benefit - Treasure Department’s tax ...

If you received tips or overtime in 2025, this new deduction could reduce your federal tax burden significantly.

In Notice 2025-62, the Internal Revenue Service (IRS) announced on November 5, 2025 that it will provide penalty relief for taxable year 2025 for implementation of new information reporting ...

The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...