A pair of major contributions from business titans recently is part of a strategy to pump money into the new savings plans ...

This deduction could significantly reduce tax bills for millions of tipped workers, but only if they maintain accurate records. One expert explains how you can ensure you get this tax break this year.

State deductions for tips and overtime are not only ineffective at supporting working-class people, it will come at a ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 federal income tax returns.

A tax and spending package introduced new tax breaks on overtime pay and tips for eligible workers. The new rules, which apply to tax years 2025 through 2028, have income and employment-type ...

The agency has proposed excluding tips received from 'pornographic activity' from a new tipped wage deduction.

The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...

Scott Bessent’s latest baffling defense of President Donald Trump’s tariffs suggests the treasury secretary doesn’t really understand how they work. “Kristen, how much does your arm weigh?” Bessent ...

November 24, 2025 - WASHINGTON — The Department of the Treasury and the Internal Revenue Service have issued guidance for workers eligible to claim the deduction for tips and for overtime compensation ...

This article was written by Moorad Choudhry, Founder, at Bank Treasury Risk Management (BTRM), with contribution from Andre Pereira, Product Manager, Bank Treasury, Enterprise Risk Solutions at ...

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 ...

If you earn tips, work overtime, or are planning for your child’s future, your W-2 is about to look a little different – starting in 2026. The good news is that the reporting and potential tax savings ...