The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

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 temporary provision applies to tax years from 2025 through 2028.

The IRS is rolling out new deductions for tip and overtime income. Here's how they work and who qualifies.

Workers keep hearing about "no taxes on overtime in 2026," but the reality is more complicated: President Trump has promoted the idea, yet available reporting shows only proposals and commentary, not ...

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 ...

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

Brand new rules for tax breaks on overtime and tip income are bound to drive taxpayers bonkers when trying to file their 2025 federal income tax returns next year. Expect to face far more work and ...