Prefer Newsweek on Google to see more of our trusted coverage when you search. The Internal Revenue Service (IRS) published on Monday a new schedule that taxpayers will use to claim a series of ...

Budtenders and other cannabis shop workers don't qualify for "No Tax on Tips." Declared tips must be voluntary so mandatory gratuities common for large parties are excluded. IRS guidance remains ...

Locksmiths, tattoo artists and pedicab drivers are among those who could benefit from a new deduction this tax season that lowers the burden on workers who received tips as part of their income last ...

Did you earn tips in the service industry or work a lot of overtime? With the 2026 tax season approaching, you might be wondering how to properly prepare your tax filings. Last summer, President ...

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 ...

California is among the blue states that won’t be adopting President Trump’s “No tax on tips” policy — and hardworking waitstaff and bartenders in the Golden State aren’t having it. “It would put a ...

Prefer Newsweek on Google to see more of our trusted coverage when you search. Millions of Americans who receive tips or overtime pay have been issued new guidance from the Internal Revenue Service ...

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 bonds known as Treasury inflation-protected securities are designed to protect investors’ income against rising prices and perhaps even deliver an extra bit of return. But do TIPS, as the bonds ...

What began as a campaign promise in Nevada became law this summer with the passage of the One Big Beautiful Bill Act: "No taxes on tips" is now nationwide. But even as pundits debate its merits, ...

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