There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...

Extra work hours in the week can mean extra pay. Now, it can also mean a new tax benefit you can claim on your return come tax time. Starting Jan.

The IRS will begin accepting 2025 federal tax returns on January 26, with April 15 as the filing deadline. Several new tax ...

The new Trump tax law, built around The One Big Beautiful Bill Act, is reshaping how Americans will be taxed in 2026 and making a zero federal income tax bill a realistic outcome for some households.

The so-called One Big Beautiful Bill Act (OBBBA), which was enacted on July 4, 2025, as P.L. 119-21, made a number of significant changes to the tax law. Among these was the expansion of rules ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. The experience with the tax bill enacted at the end of President ...

Oregon workers who earned overtime pay this year will get a new break on their state income taxes, thanks to state lawmakers’ decision to copy the temporary federal overtime tax exemption in President ...

SPRINGFIELD, Ill. (WTVO) — Illinois tipped workers hoping for a break under the new federal tax law are in for a surprise: the state will continue taxing tips. Illinois has rejected adopting a new ...

This story was produced as part of the Colorado Capitol News Alliance. It first appeared at coloradosun.com. Colorado is one of just four states that use federal taxable income to determine how much ...

New federal tax exemption has wealth managers shifting estate plans Matthew Lee, director of wealth strategies at Wilmington Trust's Emerald Family Office and Advisory, sits down with InvestmentNews ...