The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

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

Employees have been wondering how they will determine the amount of their qualified tips and qualified overtime eligible for deduction under the ...

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

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record wages, benefits paid, taxes withheld, and other essential financial information ...

ezPaycheck has been updated with 2025 W-2 forms to allow tax service professionals to optimize the workload for multiple clients both in-house and remotely.

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

Halfpricesoft.com announces ezAccounting 2025 payroll and business software now includes the newly released 2025 W2/W3 forms, ...

Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...

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 ...