Gov. Katie Hobbs is defending her proposal to cut personal income taxes by more than $200 million even as the state faces an ...

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

Takeaways 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 pay and qualified tips.

The new IRS guidance (Notice 2025-69) clarifies how workers can claim the One Big Beautiful Bill Act's recently enacted ...

The IRS has released guidance for President Donald Trump's tips and overtime deductions. Here's what workers need to know.

In Notice 2025-69, the IRS and the Treasury offer clarifications and examples of how to claim the One Big Beautiful Bill Act ...

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

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West Virginia Sen. Jim Justice's finances are in the spotlight after the Internal Revenue Service recently filed notices of a federal tax lien totaling more than $8 million against him and his wife, ...

WASHINGTON — The Internal Revenue Service announced this week that Americans will see modest increases in standard deductions and tax bracket thresholds for 2026, part of the agency's annual inflation ...

The ongoing government shutdown stems from a lapse in appropriations, with political gridlock at the Capitol. Despite multiple voting rounds, both Republican and Democrat funding proposals failed.

Social media can be a great place to connect with like-minded people and discover new dinner recipes, but it's not the best place to get your tax advice. In a recent update, the IRS said it’s already ...