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

The IRS has released new guidance to help taxpayers who are eligible to claim the deduction for tips and for overtime compensation for tax year 2025. (The guidance to help employers and other payers ...

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...

Not all the Trump promises to cut tax on tips, overtime and Social Security made it into the proposed tax bill—and those provisions that did make it in are temporary and have restrictions. Days after ...

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

"No Tax on Tips" benefits some Nevada tipped workers, but job limits, tip rules and income caps reduce who qualifies. See how ...

The conversation around eliminating taxes on tips for service and hospitality workers is being reignited after former President Donald Trump and Vice President Kamala Harris have come out in support ...

On the campaign trail, President Donald Trump sought to win over working-class voters in key swing states with a promise to exempt tips and overtime pay from federal income taxes. Subscribe to read ...

President-elect Donald Trump campaigned on removing taxes on tips; many Democrats agree with the idea. Economists and tax experts say eliminating income tax on tips will not benefit most tipped ...

Thomas is a native of upstate New York and a graduate of the University at Albany. As a former member of CNET's How To team, he wrote about the intersection of policy, information and technology, and ...