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Gov. Kathy Hochul on Thursday proposed eliminating state taxes on tips of up to $25,000 a year, as a law that provides a similar federal tax deduction takes effect for 2025 tax-year filings. "I’m ...

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 ...

California is among the blue states that won’t be adopting President Trump’s “No tax on tips” policy — and hardworking waitstaff and bartenders in the Golden State aren’t having it. “It would put a ...

These Scrooges refuse to act on a hot tip. Gov. Kathy Hochul and Democratic New York lawmakers haven’t extended President Trump’s “no tax on tips” policy to state income taxes — hitting bartenders and ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

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 ...

An emergency bill passed in Washington, DC, axing key tax breaks touted in the One Big Beautiful Bill Act for its residents highlights why Americans should pay attention to state tax laws, experts ...