The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

The new tax break on tips and overtime has been sold as a windfall for workers who stay late, pick up extra shifts, or live off gratuities. In reality, the fine print decides whether a server, nurse, ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

Federal tax rules are shifting in ways that could dramatically change how workers and retirees keep what they earn, from restaurant tips to overtime pay to monthly Social Security checks. A newly ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

From avoiding scams to maximizing a tax return, there are many things for people to watch out for as tax season starts Monday.

Make sure you claim all the expenses you can when you prepare your 2025 income taxes. We’re here to help you minimize your ...

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 ...

A tax and spending package introduced new tax breaks on overtime pay and tips for eligible workers. The new rules, which apply to tax years 2025 through 2028, have income and employment-type ...