The "no tax on tips" law was a provision included in President Donald Trump's signature "One Big Beautiful Bill Act," and was ...

US Department of the Treasury and the Internal Revenue Service (IRS) released guidance to claim new tax deductions on tips ...

With a short time left before 2025 comes to a close, year-end tax planning is all-important. Here are some areas to focus on.

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 ...

TurboTenant reports that the IRS will know about your rental income, and failing to report it can lead to serious penalties ...

You have to report PayPal income to the IRS. Learn how PayPal tracks your income and how to fill out a PayPal 1099.

First Trust North American Energy Infrastructure Fund ETF offers diversified energy infrastructure exposure and a 3.06% yield ...

Hobby income and expenses aren't reported to the IRS the way business income and expenses are. Here's how to tell what type ...

Estimates of federal revenue forgone due to the tax exemptions of U.S. nonprofit hospitals relative to the community benefits ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the 20% tax deduction for qualified business income or QBI ...

Discover 20 real estate tax deductions agents actually use to lower their taxable income, cut costs and keep more of their ...

Learn about the IRS’s new Code Y for reporting Qualified Charitable Distributions (QCDs) from IRAs, effective in 2025.