A campaign promise is now law. Learn about the new federal tax deduction for tipped income, who qualifies, and how it could ...

Gov. Kathy Hochul said she would include the measure, which affects tips earned in the 2026 tax year, in her fiscal year 2027 ...

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

California isn’t adopting Trump’s federal “no tax on tips” policy, and cash-strapped service workers are not pleased.

Gov. Kathy Hochul and Democratic New York lawmakers haven’t extended President Trump’s “no tax on tips” policy to state ...

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

After both parties in Washington embraced ending federal income tax on tips during the last election cycle, a bill that would do just that made it through the Senate Tuesday. The big story in Congress ...

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.

I don’t get a weekly hourly paycheck.”That’s why news of a potential tax break on tips immediately caught his attention, ...

Tax changes signed into law in 2025 could bring bigger refunds this year. When does tax season start? When will refunds come?

In a surprise move, the Senate unanimously passed the No Tax on Tips Act which would allow up to a $25,000 deduction for workers who typically receive tips as part of their compensation. In a surprise ...

Taxpayers could be stretched to new limits in 2026 as complicated new tax breaks kick into place on 2025 federal income tax returns.