Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

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 ...

Nevada tipped workers face challenges as "No Tax on Tips" starts in 2026. Check out IRS rules excluding cannabis, brothels and limits to deductions.

Let’s start with the changes tied to the One Big Beautiful Bill: First, no federal taxes on tips, which actually means you ...

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...

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 ...

Vice President Kamala Harris and former President Donald Trump have both endorsed a policy to eliminate federal taxes on tips, a rare instance of agreement between the two campaigns as they aim to ...