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 ...

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

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

The White House has reported that, on average, Americans will receive about $1,300 more in their pocket through the deduction ...

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.) ...

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

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