Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.
On November 21, 2025, the Internal Revenue Service (IRS) and the U.S. Department of the Treasury released guidance outlining ...
The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS ...
The agency is delaying implementation of a provision of the new law that prevents workers in certain service businesses from claiming the deduction.
TurboTenant reports that the IRS will know about your rental income, and failing to report it can lead to serious penalties ...
New deductions will lower the tax bills for many Americans. Those who prefer to pay less in taxes throughout the year may ...
Gold's blistering rally has turned stashes of coins, bars, and gold-backed ETFs into sizable windfalls, but cashing out now ...
The Southern Maryland Chronicle on MSN

IRS Eases Tip, Overtime Reporting Rules for 2025

The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...
Your 2026 paycheck may be about to get a boost: New and increased tax breaks from the 2025 Trump/GOP spending bill could allow millions of workers to increase their monthly take-home pay next year.
The IRS has released updated federal income tax brackets and standard deductions for the 2026 tax year, which will apply to returns filed in 2027. Democrats Launch Investigation Into Trump’s ‘Theft’ ...
(NEXSTAR) – Millions of Americans could see a financial bump thanks to inflation adjustments to the tax code announced by the IRS Tuesday. The changes to federal brackets, prompted by the rising costs ...