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 has released guidance for the federal tips and overtime deductions enacted via President Donald Trump's "big beautiful bill." However, reporting requirements for 2025 could cause confusion for ...

Millions of Americans who receive tips or overtime pay have been issued new guidance from the Internal Revenue Service (IRS) clarifying what tax deductions are available to them. On Friday, the IRS ...

Under the new One Big Beautiful Bill Act (OBBB), which was signed into law in July 2025, employers are expected to report new details about cash tips and qualified overtime compensation on their tax ...

Each weekday, in our Management Tip of the Day newsletter, HBR offers tips to help you better manage your team—and yourself. Here is a curated selection of our favorite Management Tips on leading ...

WASHINGTON -- The IRS has revealed a list of nearly 70 professions that may soon qualify for the much-debated “no tax on tips” deduction. The list is part of guidance being suggested by the agency ...

A U.S. Treasury Department document includes podcasters, social media influencers and streamers among occupations eligible for tax-free tips. By Alex Weprin Senior Editor President Trump’s One Big ...

WASHINGTON—The government’s initial list of jobs eligible for the new “no tax on tips” deduction includes tennis teachers, dancers, wedding planners and social-media influencers, opening the benefit ...

In a sweeping change set to reshape the tax landscape for millions of American workers, President Donald Trump signed the massive tax bill into law on July 4. The measure fulfills one of his campaign ...