Among the changes, it's removing local income tax savings tied to the new no tax on tips deduction and the $6,000 bonus ...

Illinois is one of several states choosing to decouple from the federal tax code. See what tax benefits are being excluded.

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 ...

IRS relaxes ‘no tax on tips law’ so more workers can take advantage. Here’s who will benefit - Treasure Department’s tax ...

This week’s Tax Breaks newsletter also looks at fantasy football winnings, car-related tax deductions, stock options, IRS Chief Counsel nod, Taylor Swift tax, tax filing deadlines, and tax trivia.

The Trump administration’s “No Tax on Tips” proposal would do more than make all tips income tax-exempt for servers. While this tax proposal promises to benefit servers, it’s more complex than that.

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 ...

INDEPENDENCE, Iowa (KCRG) - Some business owners in eastern Iowa say new ‘no tax on tips’ provisions will help grow local businesses. ‘No tax on tips’ is part of the ‘big, beautiful bill’ President ...

The One Big Beautiful Bill Act of 2025 (OBBBA) expands several business tax benefits while easing certain compliance ...

FILE - A server tends to customers in an outdoor dining area on The Promenade in Santa Monica, Calif., June 9, 2021. (AP Photo/Marcio Jose Sanchez, File) Some segments of the U.S. restaurant industry ...