The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

Plus: The IRS has reopened, some tariffs have been reversed, tax filing status and marriage, professional sports stadiums on the public dime, tax trivia and more.

GOP budget reconciliation bill, which became law in July, created temporary tax deductions for tips and overtime compensation.

The new OBBB requires tip & overtime tax reporting, but the IRS has issued a penalty relief for 2025, as employers adjust.

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

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

So, you’ve done a good job of saving for retirement and have a nice balance in your retirement account. Then a problem comes ...

Notice 2025-62 PDF provides penalty relief from the new information reporting requirements for cash tips and qualified overtime compensation under the OBBB to employers and other payors for not filing ...

A sweeping tax policy change under the One Big Beautiful Bill Act promises to school the restaurant industry on how ...

Millions of Americans who work overtime shifts or receive tips will be eligible to claim new deductions on their 2025 tax ...

The IRS has unveiled the 2026 tax brackets, introducing significant changes under the One Broad-Based Bill (OBBB). These ...