If you make your money on tips or overtime, new federal tax rules that took effect this year could affect how you file your ...
The Republican-backed fiscal package signed into law by President Trump on July 4 includes a temporary tax break that stands to benefit millions of Americans: a provision that allows eligible workers ...
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‘No tax on tips and overtime’: IRS breaks down Trump’s ‘One Big Beautiful’ plan for 2026 – What to know
Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...
The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...
Federal agencies are working to make President Donald Trump’s “no tax on tips” campaign promise a reality for eligible filers starting with their 2025 income, issuing new guidance Sept. 19 spelling ...
A "no tax on tips" proposal has broad support among politicians and Americans across party lines, though critics – including a restaurant trade group – warn the tax break could be costly and apply ...
President Trump's promise to eliminate federal income tax on worker tips will become a reality Friday when he signs the massive budget package into law. After narrowly squeaking through the House on ...
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Customers were already tipping less. ‘No taxes on tips’ could shrink workers’ pay even more.
While clearing a table in Richmond, Va., earlier this year, Bree Mills picked up her patron’s receipt to find just a 5% tip. But what was more shocking to the 39-year-old was the accompanying note: ...
Philadelphia hospitality industry workers who rely on tips, whether cash or charged, can take advantage of a new federal tax deduction on top of the standard deduction for tips under a new law signed ...
This story was originally published by CalMatters. Sign up for their newsletters. No tax on tips, a campaign promise by President Donald Trump, is now part of the U.S. tax code – but experts across ...
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