The "big beautiful bill" introduced a tax provision that allows some workers to deduct the tips they earn. The IRS released ...

The final rule, published in the Federal Register on Monday, lists eight occupational categories for which the deduction would be applicable — beverage and food service, entertainment and events, ...

New federal guidance outlines tax rules affecting tipped workers, but key limits and conditions may shape who actually ...

The final IRS regulations expand the tips deduction to 71 occupations and clarify rules on qualified tips, digital payments, ...

As the tax-filing deadline nears, millions of Americans are expected to claim new federal income tax breaks for tips and ...

Beginning with the 2025 tax year (for returns filed in 2026), eligible workers can deduct up to $25,000 in reported tip ...

The tax deduction for tip income is found on Schedule 1-A for 2025 returns. The IRS issued final regulations listing ...

The Internal Revenue Service and the Treasury released final regulations on the new tax deduction for tipped employees under ...

Many taxpayers do not see the full benefit of new tax deductions for seniors, tips, overtime, and car loan interest due to ...

About 1 in 10 American workers are earning a living as a gig worker. That means they find their customers through Lyft, ...

The Trump administration passed a new law that will allow millions of Americans to claim federal income tax breaks for tips ...

Taxpayers are hurtling toward a filing deadline on Wednesday, but opportunity still beckons for filers eager to avoid a ...