In a couple of months, tipped employees will be able to deduct a portion or all of their tips from federal income taxes. Here ...

No tax on overtime' is a new break that begins in 2025, but a surprising twist will have many paying more taxes than they ...

Capital gains taxes are back in the spotlight. This time, the chatter on Capitol Hill has to do with rising home prices.

When you file your tax return, your reported tips are included on your W-2 and added to your other income to determine how much you owe. Even if you get paid in literal cash, the IRS expects you ...

Now that President Donald Trump has signed the bill, workers will be able to deduct up to $25,000 in reported tips and $12,500 in overtime pay from their taxable income on their federal tax returns.

If you’re banking on tax-free overtime to boost your paycheck, you’re out of luck. Trump’s “big beautiful bill” doesn’t ...

The bill faces changes before it reaches Mr. Trump’s desk, but the Senate has already voted unanimously for a No Tax on Tips measure. The new bill will make the change effective from 2026 to 2028.