With the right strategies in place, it is possible to maximize the deduction and lock in significant, recurring savings.

A U.S. Treasury Department document includes podcasters, social media influencers and streamers among occupations eligible for tax-free tips.

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.

Philadelphia hospitality industry workers who rely on tips, whether cash or charged, can take advantage of a new federal tax deduction on top of the standard deduction for tips under a new law signed ...

Tucked away among the 940 pages of President Donald Trump’s massive One Big Beautiful Bill Act (OBBBA) are an array of new tax write-offs, exemptions that Trump promised to enact while running for a ...

People working in an occupation on an approved list who receive qualified tips would be eligible for the tax benefit.

The tax and spending bill passed by Congress and signed into law by the president on July 4 contained many provisions that impact both individuals and businesses. One that received a lot of attention ...

Anrok reports that integrating tax and finance technology is essential for businesses to improve compliance, reduce errors, and enhance forecasting.

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 ...

Experts doubt the effectiveness of ‘no tax on tips,’ especially for California workers who are facing cuts in other benefits.