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 ...

(The Hill) — The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Donald Trump, with the help of Senate Democrats. Sen. Jacky ...

A bipartisan bill that passed the U.S. Senate by unanimous vote on May 20 could mean no income tax on tips for bartenders and restaurant workers, as well as other occupations that rely heavily on ...

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 ...

WASHINGTON — In a surprise move, the Republican-led Senate quickly passed the No Tax on Tips Act on Tuesday, giving its official stamp of approval to an idea that has gained traction since President ...

Man selecting 20% tip while using a handheld credit card scanner at a restaurant in Queens, New York. Credit - Lindsey Nicholson—UCG/Universal Images Group/Getty Images Millions of American service ...

The House narrowly advanced the GOP plan for President Donald Trump’s legislative agenda, kick-starting a process that could push forward Trump's "no tax on tips" pledge and other campaign promises.

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (The Hill) — The Senate on Tuesday passed a ...