The budget bill approved by the House promises to benefit many food workers, but some details are still unclear. By Julia Moskin As a slogan in last year’s presidential campaign, “no tax on tips” was ...
Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...
The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...
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