Nevada tipped workers face challenges as "No Tax on Tips" starts in 2026. Check out IRS rules excluding cannabis, brothels and limits to deductions.

The tip deduction doesn’t completely eliminate taxes on tips. The deductible amount is limited, it isn’t available to every worker who receives tips, some tips aren’t deductible, and tips are still ...

The 2026 tax season 2026 is underway, and there’s plenty for investors to think about. Indeed, with President Trump’s ...

Starting in the 2025 tax season, workers in the U.S. who earn tips can potentially deduct up to $25,000 from their taxable ...

The tax break on tip income is not automatic. You need to file a new form. The U.S. Treasury Department has a list of dozens of occupations that 'customarily and regularly received tips' that qualify ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making ...

Tax season is underway and you have until April 15 to file your return with the IRS. For many, especially first-time filers, ...

Brand new rules for tax breaks on overtime and tip income are bound to drive taxpayers bonkers when trying to file their 2025 federal income tax returns next year. Expect to face far more work and ...