The tip deduction doesn’t completely eliminate taxes on tips. The deductible amount is limited, it isn’t available to every ...

The IRS will begin accepting 2025 tax returns on Monday, Jan. 26, 2026, the agency announced. Taxpayers have until Wednesday, ...

Learn how the new "no tax on tips" deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work ...

A slew of new tax provisions went into effect in 2025, which could significantly change how much you'll get back.

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

A Democratic state legislator is looking to bring the federal no tax on tips policy to the Land of Lincoln. Illinois ...

Gov. Kathy Hochul and Democratic New York lawmakers haven’t extended President Trump’s “no tax on tips” policy to state ...

But while the phrase “no tax on tips” suggests widespread savings, experts say many tipped workers already owe no federal ...

New tax deductions have been enacted for many working Americans and seniors. Here’s what you need to know about the new laws ...

Here's when the IRS will start accepting returns, how to deduct overtime and tips, the 2025 tax brackets, and when your ...

No tax on tips: Workers who receive tips can deduct up to $25,000 of qualified tip income on their federal return. No tax on overtime: You can deduct part of your overtime pay (the extra half-time ...