The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and payers. To help, ...

Trump famously made the “no tax on tips” promise on the 2024 campaign trail in Vegas [1] — arguably the center of the American hospitality industry — and added it to his O ...

Imagine getting a government budget passed with bipartisan support and no shutdown, featuring tax cuts President Donald Trump ...

An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime ...

The One Big Beautiful Bill (OBBB), enacted July 4, 2025, introduces a highly publicized provision exempting certain tips from federal income ...

The move is in response to challenges introduced by new disclosure requirements under the One, Big, Beautiful Bill.

Notice 2025-62 PDF provides penalty relief from the new information reporting requirements for cash tips and qualified ...

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

The clock is ticking on year-end tax planning. Here are some steps to take now to lower your tax bill before filing next ...

The IRS issued guidance Wednesday providing penalty relief for employers from reporting requirements in President Donald Trump’s new tax law on tips and overtime.

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

Expert insight on how parents can take advantage of credits and deductions. As Tax Day approaches on April 15, parents have a lot to consider when it comes to maximizing their refunds and saving on ...