Beginning with the 2025 tax year (for returns filed in 2026), eligible workers can deduct up to $25,000 in reported tip income from their federal taxable income.
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Work tips or overtime? Don't file today without claiming up to $25,000 in new tax relief
New deductions under the OBBB Act could save service workers and overtime earners up to $25,000 if they file correctly.
Federal agencies are working to make President Donald Trump’s “no tax on tips” campaign promise a reality for eligible filers starting with their 2025 income, issuing new guidance Sept. 19 spelling ...
President Donald Trump ordered McDonald’s delivered to the White House via DoorDash to highlight his 2025 tax and spending legislation that eased taxes on workers’ tips. Sharon Simmons, wearing a ...
The "big beautiful bill" introduced a tax provision that allows some workers to deduct the tips they earn. The IRS released the final rule on who qualifies.
The five Democrats in the state’s congressional delegation are irate about a proposed Department of Labor rule that they say could allow employers to steal employees’ tips. The outcry centers on the ...
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