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 ...

The SALT deduction for state and local taxes is getting boosted in 2025. The previous $10,000 cap is being raised, allowing ...

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

Here's what middle-class taxpayers need to know about the tax package that introduces fresh deductions and credits.

Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

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.

CNBC’s Sharon Epperson explains the new deduction for earnings from tips. For more Tax Tips, go to cnbc.com/money101 to sign ...

The 2026 tax filing season starts next week and taxpayers will get more than two months to file their 2025 returns and take ...

Indiana Senate leaders want to fork over $250 million from the state's reserves to extend President Donald Trump's "no taxes" ...