The agency is delaying implementation of a provision of the new law that prevents workers in certain service businesses from ...

The new guidance grants employees and employers “transition relief” until Jan. 1 of the first calendar year after final rules ...

Treasure Department’s tax collector said it was providing temporary ‘transition relief’ to workers in certain jobs that ...

US Department of the Treasury and the Internal Revenue Service (IRS) released guidance to claim new tax deductions on tips ...

The "no tax on tips" law was a provision included in President Donald Trump's signature "One Big Beautiful Bill Act," and was ...

Under the new guidance, workers in specific occupations where tips were customarily and regularly received before 2025 may ...

Employees have been wondering how they will determine the amount of their qualified tips and qualified overtime eligible for deduction under the ...

The Trump administration threw a bit of a wrinkle into the implementation of the “no tax on tips” provision on Friday.

Plus: The IRS has reopened, some tariffs have been reversed, tax filing status and marriage, professional sports stadiums on the public dime, tax trivia and more.

The new tax break on tips and overtime has been sold as a windfall for workers who stay late, pick up extra shifts, or live ...

GOP budget reconciliation bill, which became law in July, created temporary tax deductions for tips and overtime compensation.