Millions of workers could soon claim the "no tax on tips" deduction, which offers a tax break for returns filed in 2026. The provision in President Donald Trump's "big beautiful bill" allows certain ...
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 ...
WASHINGTON (AP) — The Treasury Department is moving closer to making President Donald Trump’s “ no tax on tips ” promise a reality. But new guidance released Friday tends to limit the number of tipped ...
Federal agencies are working to make President Donald Trump’s “no tax on tips” campaign promise a reality for eligible filers starting with their 2025 income, issuing new guidance Sept. 19 spelling ...
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 ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Editor’s Note: This story has been updated to amend the National Restaurant Association’s position on the bill. (NEXSTAR) — Among the multiple provisions within the bill President Donald Trump signed ...
The “No Tax on Tips” provision, passed and signed into law on July 4 as part of President Donald Trump’s One Big Beautiful Bill Act, allows eligible tipped workers to deduct a portion of their income ...
President Trump signed his ‘one big, beautiful bill’ into law in a splashy Fourth of July ceremony, with a B-2 stealth bomber and jet fighters flying over the White House. Photo: Bonnie Cash/Press ...
The Senate has passed President Donald Trump's highly anticipated tax agenda, including a provision to lower federal income taxes on worker tips. The proposal, part of the One Big Beautiful Bill Act, ...
The Senate unanimously passed the “No Tax on Tips Act” on Tuesday, a bill that would eliminate federal taxes on tips and that President Donald Trump made a campaign promise when running for reelection ...
Usually served alongside nasi dagang, this fish curry from the East Coast melds the bold tangy flavours of asam gelugor, asam jawa and bilimbi. Zelensky’s bold strike silenced Trump’s doubts The three ...