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 ...

The clock is ticking on 2025 payroll reporting, but the IRS just threw employers a lifeline. If your organization has been struggling to understand how to implement the new tips and overtime reporting ...

The One Big Beautiful Bill Act of 2025 introduced Section 224 of the Internal Revenue Code, establishing a below-the-line deduction for qualified tip income. P. L. 119-21, § 70201, 139 Stat. 72, ...

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.

Why Your Tax Refund Could Be Bigger In 2026—And What Else You Need To Know When To Expect Your Forms W-2 & 1099 In 2026—And What To Do If They’re Missing The IRS has released new guidance to help ...

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 ...

Roughly 6 million people reported income from tips on federal income tax returns in the past — and you can bet they'll jump at the chance to see a bigger refund by claiming a new deduction on tip ...

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 ...

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 ...

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 ...

Nevada Democrats, who have tried to frame President Donald Trump’s “No Tax On Tips” policy as being bad for the working class, are ramping up their efforts as midterm season comes into view. The state ...