IRS has published a list of requirements to qualify for the 'No Tax on Tips" deduction including job requirements.

Plus: Fantasy football winnings, tax benefits related to cars, stock options, a nod for IRS Chief Counsel, Taylor Swift tax, tax filing deadlines, and tax trivia.

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

Trump’s 2025 tax law offers four major deductions, but missteps on AGI impact, paperwork, eligibility, and withholding can erase potential savings.

As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.

We'll cover what this important tax document is, and then list ten key items stressing the importance of correctly filling ...

IRS tax breaks for workers are here. Millions can now keep more of their tips and overtime pay. New deductions for 2025–2028 make it easier to reduce taxable income, save money, and help working ...

The IRS has unveiled a draft of the new Schedule 1-A form, set to simplify claiming deductions for tips, overtime, auto loan interest, and senior benefits. As part of the OBBBA, this form aims to ease ...

The “no tax on tips” provision lasts only from 2025 through 2028. And the tax-free status would phase out for single taxpayers who earn more than $150,000 or married people who file joint tax returns ...

For millions of workers, tips aren’t just a perk — they’re essential. Data show that about 4 million people in the United States, or one out of every forty workers, depend on tips to pay the rent and ...

Some 'no tax on tips' occupations might surprise you: Podcasters, social media influencers, plumbers and house painters. The new, special tax break on tips is retroactive and applies to eligible tip ...

Another year brings another inflation adjustment for the thresholds that determine how much you owe Uncle Sam.