Plus: Fantasy football winnings, tax benefits related to cars, stock options, a nod for IRS Chief Counsel, Taylor Swift tax, tax filing deadlines, and tax trivia.
We'll cover what this important tax document is, and then list ten key items stressing the importance of correctly filling ...
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 ...
The tip must be voluntarily given, so mandatory tips or auto-gratuities would not qualify for the “no tax on tips” benefit. However, tip pools and similar arrangements qualify, so long as they are ...
People working in an occupation on an approved list who receive qualified tips would be eligible for the tax benefit.
The IRS has listed 68 jobs that will qualify for the new "no tax on tips" deduction, which will allow tipped workers to ...
Eliminating state income taxes on tips, overtime and Social Security was a priority for House Republicans in the recent ...
The Internal Revenue Service announced changes to over 60 tax provisions that are expected to save Americans more money for ...
A U.S. Treasury Department document includes podcasters, social media influencers and streamers among occupations eligible ...
Experts doubt the effectiveness of ‘no tax on tips,’ especially for California workers who are facing cuts in other benefits.
The provisions, which apply to the 2026, 2027, and 2028 tax years, are expected to cost the state Treasury about $183 million ...
The tax break for tipped workers, worth up to $25K in 2025, sounds straightforward but doesn't apply to all tips or all jobs and occupations.