The IRS published instructions and tips to help qualified tipped workers to apply for the “No Tax on Tips” deduction.

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.

Not all the Trump promises to cut tax on tips, overtime and Social Security made it into the proposed tax bill—and those provisions that did make it in are temporary and have restrictions. Days after ...

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.) ...

The Senate on Tuesday unanimously passed the No Tax on Tips Act in a surprise vote. This could boost momentum for the idea floated by President Donald Trump during his 2024 campaign. If enacted, the ...

Nixing income taxes was one of President Donald Trump's top policy promises during his 2024 election campaign, and the idea has also been embraced by Democrats. The No Tax on Tips Act would introduce ...

A U.S. Treasury Department document includes podcasters, social media influencers and streamers among occupations eligible for tax-free tips. By Alex Weprin Senior Editor President Trump’s One Big ...

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 ...

The Republican-led Senate passed the No Tax on Tips Act in an unexpected unanimous decision Tuesday afternoon. The bill, which eliminates federal tax on tips for hospitality workers and servers, ...

President Trump's pledge to end taxes on tips is one step closer to becoming law. On Tuesday, Senate Republicans narrowly approved their version of President Donald Trump's multi-trillion-dollar tax ...

The broad tax package passed by House Republicans last week includes a bill that would eliminate federal income taxes on tips, advancing a key campaign promise from President Trump with unexpected ...

A "no tax on tips" proposal has broad support among politicians and Americans across party lines, though critics – including a restaurant trade group – warn the tax break could be costly and apply ...