The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

State adopted federal changes while Illinois opted out of deductions ...

Will you stop paying taxes on your tip income? New tax rules may allow some workers to reduce their tax liability on ...

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...

The IRS said it expects 164 million individual tax returns to be filed.

The IRS is rolling out new deductions for tip and overtime income. Here's how they work and who qualifies.

Here’s what’s new for the 2025 tax returns, even if nothing changed, there are several changes to various deductions for filing a return.

The IRS began accepting tax returns with new deductions for tips and overtime. Free tax help available for those earning ...

Make sure you claim all the expenses you can when you prepare your 2025 income taxes. We’re here to help you minimize your ...

The 2026 tax filing season officially opened Monday, Jan. 26 for North Carolina residents, with the N.C. Department of ...

A sweeping federal law passed last year could have impacts on 2025 tax returns for millions of American taxpayers. The ‘big, ...

The standard deduction for single taxpayers increased to $15,750 for tax year 2025. It also increased to $23,625 for the head ...