Beginning with the 2025 tax year (for returns filed in 2026), eligible workers can deduct up to $25,000 in reported tip ...

The final IRS regulations expand the tips deduction to 71 occupations and clarify rules on qualified tips, digital payments, ...

The Treasury Department is moving closer to making President Donald Trump’s “no tax on tips” promise a reality. But new guidance released Friday tends to limit the number of tipped workers who will be ...

The "big beautiful bill" introduced a tax provision that allows some workers to deduct the tips they earn. The IRS released ...

Four Democratic-led states reject Trump's no taxes on tips and overtime, drawing Republican criticism for denying relief to ...

The IRS has released new guidance to help taxpayers who are eligible to claim the deduction for tips and for overtime compensation for tax year 2025. (The guidance to help employers and other payers ...

Section 224 was pitched as relief for tipped workers. But evolving IRS guidance and technical limitations have made the deduction far more complicated for the self-employed. The One Big Beautiful Bill ...

Millions of Americans are expected to claim new federal tax breaks for tips and overtime wages under a law enacted by ...