There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...

"No Tax on Overtime" is a provision included in the tax reform bill known as the One Big Beautiful Bill Act, which passed in ...

The tip deduction doesn’t completely eliminate taxes on tips. The deductible amount is limited, it isn’t available to every ...

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.) ...

Corrections & Clarifications: An earlier version of this article gave incorrect information about gifts being subject to income taxes. Since President Donald Trump first proposed exempting tips from ...

Tipped workers in the U.S. could see significant changes to their taxes after Congress approved President Trump's legislative agenda on Thursday. This week, the GOP-controlled Senate and House ...

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 ...

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.