The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...

Learn how the new ‘no tax on tips’ deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work. “No tax on tips” is the name given to a new tax deduction for tip income ...

CNBC Select has run more than a dozen tax software programs through their paces to find the best in a variety of categories.

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 ...

With the start of tax filing season for 2026 on the horizon, the Internal Revenue Service is pushing taxpayers to start their preparations in advance. The IRS released a guide with several steps the ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

The “One Big Beautiful Bill” that became law on July 4 — which President Donald Trump has called “a massive tax cut for the middle class,” but opponents say is designed mostly to benefit the wealthy — ...

Millions of workers could soon claim the "no tax on tips" deduction, which offers a tax break for returns filed in 2026. The provision in President Donald Trump's "big beautiful bill" allows certain ...

Big changes are coming this tax season, with the new "no tax on tips" rule created by the Trump Administration's spending plan, the so-called "big, beautiful bill," and following the delays with the ...

IRS opens tax filing season for 2026 on January 26. Here's all you need to know about crucial deadlines and prep tips before ...

Starting this year, even taxpayers who don't itemize can deduct up to $1,000 in cash donations.

I hate paying taxes. With the many changes under President Trump, is there anything I should do differently to legally avoid paying more taxes? Legal Tax Avoidance Dear Legal Tax Avoidance, I often do ...