IRS releases guidance for Trump's 'no tax on tips' and overtime deductions: What to know

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

'No tax' on overtime and tips will trigger a tax 'mess' for many

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

IRS Rolls Out Expanded Guidance on the Big, Beautiful Tax Break on Tips and Overtime

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

6 groups set for bigger spring tax refunds this year

Millions of Americans are poised to see bigger spring tax refunds, and the gains will not be limited to a narrow slice of ...

New 2026 Tax Brackets Are Out. Here’s What They Mean for Your Paycheck

The IRS has revealed its new tax brackets for 2026, representing a 2.7 percent increase to reflect inflation impacts on ...

2026 Tax Refunds May Be Bigger Than Expected, but One Group Will Benefit The Most

Tax refunds are likely going to be supersized in 2026 because of the One Big Beautiful Bill Act, which made major reforms to ...

Find Out If You Qualify for the New Senior Tax Break

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...
National Law Review

IRS Guidance on Claiming the New Tax Deduction for Tips and Overtime Pay

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.