A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

The White House has reported that, on average, Americans will receive about $1,300 more in their pocket through the deduction ...

As part of the One, Big, Beautiful Bill Act, taxpayers are entitled to a tax deduction on “qualified overtime” and “qualified tips” received during tax years 2025 through 2028. The following is a ...

Many of you have your W-2s and are ready to do your taxes. But before you file, there's one thing to remember: there are big ...

Working for tips is hard enough, but the rules for reporting tips on your taxes can make life even harder if you don’t know what to do. Here are the basics: Tips include cash that customers leave, ...

Add Yahoo as a preferred source to see more of our stories on Google. APPLETON, Wis. (WFRV) – More tax relief could be coming for service industry workers who rely on tips to make a living. Earlier ...

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 ...