Young and the Invested on MSN

Your simple playbook for the 'no tax on tips' deduction

The tip deduction doesn’t completely eliminate taxes on tips. The deductible amount is limited, it isn’t available to every worker who receives tips, some tips aren’t deductible, and tips are still ...
AOL

SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax break

Wed, July 9, 2025 at 5:22 PM UTC The sweeping new tax law that President Donald Trump signed into law on July 4 includes a valuable, but temporary, boost to the state and local tax (SALT) deduction: ...