The tax and spending bill passed by Congress and signed into law by the president on July 4 contained many provisions that impact both individuals and businesses. One that received a lot of attention ...
A U.S. Treasury Department document includes podcasters, social media influencers and streamers among occupations eligible ...
The tip must be voluntarily given, so mandatory tips or auto-gratuities would not qualify for the “no tax on tips” benefit.
The IRS has listed 68 jobs that will qualify for the new "no tax on tips" deduction, which will allow tipped workers to ...
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IRS releases new form allowing people to claim tax deductions on tips
A new form with the Internal Revenue Service would allow taxpayers to claim deductions on cash tips they’ve earned throughout ...
President Donald Trump's "no tax on tips" policy covers eight industry categories, including food service, entertainment, hospitality and personal services under the One Big Beautiful Bill Act.
Digital content creators, alongside bartenders and waiters, will be able to deduct tip earnings from taxable income starting ...
Waiters and bartenders are included in a proposed list of jobs that could qualify for a federal tax break on tips, as well as ...
From financial gifts to Roth withdrawal rules, here’s what income stays tax-free under the new Trump 2025 tax bill, and some ...
Tucked away among the 940 pages of President Donald Trump’s massive One Big Beautiful Bill Act (OBBBA) are an array of new tax write-offs, exemptions that Trump promised to enact while running for a ...
People working in an occupation on an approved list who receive qualified tips would be eligible for the tax benefit.
WASHINGTON (AP) — 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 ...
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