The temporary provision applies to tax years from 2025 through 2028.

The IRS is rolling out new deductions for tip and overtime income. Here's how they work 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.

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 ...

A slew of new tax provisions went into effect in 2025, which could significantly change how much you'll get back.

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible workers can claim up to $25,000 for tips and $12,500 for overtime.

Since the enactment of the “One Big Beautiful Bill Act” (OBBBA) on July 4, 2025, employers have awaited guidance on recordkeeping and reporting obligations related to the law’s “no tax on tips” and ...