Learn how the new "no tax on tips" deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work.

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 ...

Influencers, rideshare drivers, performers, baristas and more will be covered under the “No Tax on Tips” policy passed as part of President Donald Trump’s recent spending bill, multiple reports ...

Tipped workers will be able to deduct up to $25,000 in tips from their taxable income beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

The new year will bring a host of tax benefits that Americans can take advantage of when filing their taxes in a few weeks. The IRS released its guidance for the "no tax on tips" and "no tax on ...

Philadelphia hospitality industry workers who rely on tips, whether cash or charged, can take advantage of a new federal tax deduction on top of the standard deduction for tips under a new law signed ...

Millions of workers could soon claim the "no tax on tips" deduction, which offers a tax break for returns filed in 2026. The provision in President Donald Trump's "big beautiful bill" allows certain ...

Donald Trump speaks during a rally at the Grand Sierra Resort in Reno on Oct. 11, 2024, where he promised his supporters, “No Tax on Tips” to raucous applause. JASON BEAN/RGJ USA TODAY NETWORK Law ...

An emergency bill passed in Washington, DC, axing key tax breaks touted in the One Big Beautiful Bill Act for its residents highlights why Americans should pay attention to state tax laws, experts ...

A "no tax on tips" proposal has broad support among politicians and Americans across party lines, though critics – including a restaurant trade group – warn the tax break could be costly and apply ...

It’s no surprise that restaurant servers, manicurists, rideshare drivers and dogwalkers are among the workers who won’t have to pay federal tax on their tip income for the next four years, according ...

Hearings before the Commerce Committee of the Arizona House of Representatives normally draw a modest crowd of lobbyists in suits. On March 19, 2024, a throng of people in more casual attire appeared.