Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

The White House has reported that, on average, Americans will receive about $1,300 more in their pocket through the deduction ...

As part of the One, Big, Beautiful Bill Act, taxpayers are entitled to a tax deduction on “qualified overtime” and “qualified tips” received during tax years 2025 through 2028. The following is a ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.

In his State of the Union address on Tuesday night, President Trump once again touted new tax benefits for tipped workers, ...

Nevada tipped workers face challenges as "No Tax on Tips" starts in 2026. Check out IRS rules excluding cannabis, brothels and limits to deductions.

Many of you have your W-2s and are ready to do your taxes. But before you file, there's one thing to remember: there are big ...

When it comes to filing your 2025 taxes, financial experts suggest starting early and doing more research because there are a ...