“No Tax on Overtime” is a provision included in the tax reform bill known as the One Big Beautiful Bill Act, which passed in ...

There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...

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.

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 ...

The Republican-backed fiscal package signed into law by President Trump on July 4 includes a temporary tax break that stands to benefit millions of Americans: a provision that allows eligible workers ...

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 ...

Corrections & Clarifications: An earlier version of this article gave incorrect information about gifts being subject to income taxes. Since President Donald Trump first proposed exempting tips from ...