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

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

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 ...

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

Philadelphia hospitality industry workers who rely on tips, whether cash or charged, can take advantage of a new federal tax deduction on top of the standard deduction for tips under a new law signed ...

In a sweeping change set to reshape the tax landscape for millions of American workers, President Donald Trump signed the massive tax bill into law on July 4. The measure fulfills one of his campaign ...

Add Yahoo as a preferred source to see more of our stories on Google. Whatever comes out of Congress this year in terms of tax changes, it's looking increasingly likely that tipped workers are going ...

Golf caddies, blackjack dealers and house painters are among the jobs covered under the Trump administration's preliminary list of occupations not required to pay income tax on their tips under ...

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 ...

DOWNLOADING OUR FREE MOBILE APP. PRESIDENT TRUMP’S PROMISE TO ELIMINATE FEDERAL INCOME TAX ON WORKERS TIPS AND OVERTIME IS NOW A REALITY. AFTER HE SIGNED THE BIG BEAUTIFUL ACT THAT PASSED IN CONGRESS ...

Minnesotans would still be on the hook for that income on state taxes unless the legislature takes action to conform ...

To claim the new tax break, you will need to fill out a new tax form called Schedule 1-A. Schedule 1-A is an IRS form used to ...