The IRS has rolled out new guidelines tied to the “no tax on tips” and “no tax on overtime” initiative, aimed at giving ...

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 ...

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

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

Gov. Kathy Hochul said she would include the measure, which affects tips earned in the 2026 tax year, in her fiscal year 2027 ...

Some say the tax deduction may improve the retention and recruitment of service workers; others say it's not enough.

Michigan workers earning tips will save up to $1,500 annually starting in 2026 as state and federal governments eliminate ...

Governor Kathy Hochul has endorsed the idea of exempting state taxes on tips, a change from her previous non-committal stance ...

New York Gov. Kathy Hochul (D) will put forward a “no tax on tips” proposal in her New York Executive Budget proposal for ...

There's a higher SALT cap of $40,000 on property taxes, a higher child tax credit, new deductions for elderly residents, no ...

Governor Hochul announced on Thursday that she plans to put forward legislation that would eliminate state income taxes on ...