Democratic members of Nevada’s federal delegation urged the Department of Treasury to address possible shortfalls of the ‘No Tax on Tips’ policy as it’s implemented. The major reconciliation package ...

One of the components of the recently passed "big, beautiful bill" was the implementation of a policy not to tax overtime and tips for many Americans. President Donald Trump campaigned on a promise of ...

Federal tax rules are shifting in ways that could dramatically change how workers and retirees keep what they earn, from restaurant tips to overtime pay to monthly Social Security checks. A newly ...

The Treasury has released a preliminary list of jobs that qualify for the new tip deduction. A whopping 68 occupations, including podcasters and bakers, made the list—some of them may surprise you.

In Las Vegas, service workers are voicing their dissatisfaction with President Donald Trump’s ‘no tax on tips’ promise, which they argue has not provided the financial relief they anticipated. Despite ...

The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and other payers. However, rather than require more reporting this late in 2025, the IRS is ...

The tax break on tip income is not automatic. You need to file a new form. The U.S. Treasury Department has a list of dozens of occupations that 'customarily and regularly received tips' that qualify ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

A new law eliminates federal taxes on up to $25,000 in tips and $12,500 in overtime for certain workers, including hospitality staff. Asheville hospitality workers express concerns about the law's ...

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 ...