For millions of workers, tips aren’t just a perk — they’re essential. Data show that about 4 million people in the United States, or one out of every forty workers, depend on tips to pay the rent and ...

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

On July 4, President Donald Trump signed the "One Big Beautiful Bill Act" into law. The bill includes several tax-related initiatives, one of which is the elimination of tax on tips. The legislation ...

The U.S. House passed Republicans' sweeping tax bill early May 22, pushing forward a provision that could temporarily eliminate taxes on tips. While all Democrats and two Republicans voted against the ...

Man selecting 20% tip while using a handheld credit card scanner at a restaurant in Queens, New York. Man selecting 20% tip while using a handheld credit card scanner at a restaurant in Queens, New ...

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 ...

Eliminating taxes on tips has emerged as a sturdy -- and contentious -- political talking point in the last year, and now it's one step closer to reality. On Tuesday, the Senate unanimously voted to ...

Whatever comes out of Congress this year in terms of tax changes, it's looking increasingly likely that tipped workers are going to get a break. On May 22, the U.S. House passed sweeping legislation ...

WASHINGTON -- Following weeks of negotiations, Congress narrowly passed a new tax and spending bill last week that was signed into law Friday by President Donald Trump. While the 900-page bill ...

TRENTON, Mich. – Governor Gretchen Whitmer signed a budget bill Thursday, Oct. 8, 2025, in Trenton -- delivering significant tax relief to working Michiganders and seniors. The new law eliminates ...