President Donald Trump's promise of "no tax on tips" landed like a windfall for millions of servers, bartenders, and drivers who live on gratuities. The new rules do cut federal income tax on many ...

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The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...

Some 'no tax on tips' occupations might surprise you: Podcasters, social media influencers, plumbers and house painters. The new, special tax break on tips is retroactive and applies to eligible tip ...

Treasury posted a preliminary list of occupations that customarily and regularly receive tips for purposes of the “no tax on tips” provision of H.R. 1, P.L. 119-21, commonly known as the One Big ...

It’s no surprise that restaurant servers, manicurists, rideshare drivers and dogwalkers are among the workers who won’t have to pay federal tax on their tip income for the next four years, according ...

NEW YORK (Reuters) -Monthly U.S. inflation data is under increased scrutiny after President Donald Trump removed the head of the U.S. Bureau of Labor Statistics, a move that could undermine confidence ...

“No tax on tips” is a symbolic tax break that is very limited and poorly targets the workers who need tax relief the most. Many among the small number of workers who will benefit will also face the ...

The era of massed air and missile threats is already here. Adversaries are finding and fixing friendly forces and aim to disrupt air defenses’ ability to see and make sense of the battlespace. What is ...

The “No Tax on Tips” provision, passed and signed into law on July 4 as part of President Donald Trump’s One Big Beautiful Bill Act, allows eligible tipped workers to deduct a portion of their income ...

NOTE: An earlier version of this story overestimated how much workers could save in federal taxes under President Donald Trump’s “big, beautiful bill” and did not apply progressive tax brackets. The ...