Gov. Kathy Hochul on Thursday proposed eliminating state taxes on tips of up to $25,000 a year, as a law that provides a similar federal tax deduction takes effect for 2025 tax-year filings. "I’m ...

New York Gov. Kathy Hochul (D) will put forward a “no tax on tips” proposal in her New York Executive Budget proposal for fiscal 2027, her office announced Thursday. Hochul, who’s gearing up for a ...

New York workers who earn tips would get a state tax break that matches a new federal deduction for tipped income under a budget proposal Gov. Kathy Hochul says she'll make. Hochul announced Jan. 1 ...

The new year will bring a host of tax benefits that Americans can take advantage of when filing their taxes in a few weeks. The IRS released its guidance for the "no tax on tips" and "no tax on ...

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