Around 10% of people itemize their deductions now, and they are typically wealthier. The other 90% take the standard deduction, which expanded in the 2017 Trump tax cuts and will get bigger under the ...

From baristas and ride-share drivers to hotel staff, self-checkouts, tipping culture in the U.S. has spiraled beyond ...

The “big, beautiful” bill, signed into law by President Trump, extends tax cuts, increases the Child Tax Credit, reduces taxes for tips and overtime, creates Trump Accounts for parents ...

Key provisions in the president’s signature legislation will take effect at different times over several years.

This year’s tax filing season officially kicked off in July, with auto assessments running from 7 – 20 July. For non-provisional taxpayers who were not auto-assessed, they will be able to submit and ...

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s ...

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 ...

Midrange earners stand to see meaningful savings, too. A warehouse supervisor earning $60,000 with $10,000 in overtime could shave a couple thousand dollars off their federal tax bill. A hotel ...

Let’s stop pretending ‘no tax on tips’ is anything but a political ploy The Senate voted unanimously to make tips untaxed. Cue the celebration in Nevada.

Cash tips can include funds received directly from customers, tip-sharing from other employees or tips paid via credit card. Lawmaker support for a tax break on tip income Money Report news 9 ...