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

The much-touted new tax breaks for tips, overtime, seniors and car loan interest have a lot of income tax filers expecting a big bump in their refunds this year – or a big cut in their tax bill.

The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications.

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 ...

The Senate unanimously passed the “No Tax on Tips Act” on Tuesday, a bill that would eliminate federal taxes on tips and that President Donald Trump made a campaign promise when running for reelection ...

Why Your Tax Refund Could Be Bigger In 2026—And What Else You Need To Know When To Expect Your Forms W-2 & 1099 In 2026—And What To Do If They’re Missing The IRS has released new guidance to help ...

WASHINGTON (AP) — The Treasury Department is moving closer to making President Donald Trump’s “ no tax on tips ” promise a reality. But new guidance released Friday tends to limit the number of tipped ...

Las Vegas — For waiters, dealers and bartenders on the Vegas Strip, tips aren't just a thank you — they're a paycheck. "There are some days we do really good, and people will be surprised like, 'Oh my ...