The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

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.) ...

Gov. Kathy Hochul said her next budget will propose a state tax break for tips that mirrors a new federal deduction for tipped income up to $25,000.

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 ...

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 ...

The sudden popularity of exempting tips from taxes is a reminder of the improvisational nature of economic policymaking under Donald Trump. By Andrew Duehren Andrew Duehren writes about tax policy. In ...