President Donald Trump’s promise to eliminate federal income taxes on tips and overtime pay, one of the most popular pledges of his 2024 campaign, is beginning to take legislative shape. However, the ...

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

For millions of workers, tips aren’t just a perk — they’re essential. Data show that about 4 million people in the United States, or one out of every forty workers, depend on tips to pay the rent and ...

Tipped workers will be able to deduct up to $25,000 in tips from their taxable income beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

JEFFERSON CITY, Mo. (AP) — To tax tips or not? That is a question that will confront lawmakers in states across the U.S. as they convene for work next year. Trump says he’ll raise tariffs to 15 ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Federal agencies are working to make President Donald Trump’s “no tax on tips” campaign promise a reality for eligible filers starting with their 2025 income, issuing new guidance Sept. 19 spelling ...

Add Yahoo as a preferred source to see more of our stories on Google. The massive Republican-backed budget bill — called "one big, beautiful bill" by President Trump — includes several new tax rules ...