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 ...

But you shouldn’t wait for that announcement or even the new year to start getting your taxes in order. There are several ...

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 ...

The new guidance grants employees and employers “transition relief” until Jan. 1 of the first calendar year after final rules ...

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

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

The IRS has issued guidance on how millions of US workers can claim deductions on cash tips and overtime income for the 2025 ...

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

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

Millions of households are about to discover that President Donald Trump's new tax rules make a zero-dollar federal income ...

Giving Tuesday is a global movement created in 2012 in an effort to establish a “day that encourages people to do good.” ...

Individuals can now claim tax deductions on tips and overtime, which is particularly important for restaurant and gig workers, but filing is more complicated than ever ...