Gov. Kathy Hochul on Thursday proposed eliminating state taxes on tips of up to $25,000 a year, as a law that provides a similar federal tax deduction takes effect for 2025 tax-year filings. "I’m ...

Millions of service workers who rely on tips could save big when they file their taxes in 2026 thanks to President Donald Trump’s “Big Beautiful Bill.” The legislation included the creation of an ...

President Donald Trump delivered on his promise to exempt tips from taxes but critics say the “Big Beautiful” policy may deliver a smaller advantage than expected — and could hurt the very workers ...

Each weekday, in our Management Tip of the Day newsletter, HBR offers tips to help you better manage your team—and yourself. Here is a curated selection of our favorite Management Tips on leading ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. EMS-FORSTER-PRODUCTIONS/Getty ...

The federal government has shed light on which tips would be eligible for a proposed tax deduction in the "no tax on tips" initiative contained in the Trump administration's so-called One, Big, ...

Federal agencies are working to make President Donald Trump’s “no tax on tips” campaign promise a reality for eligible filers starting with their 2025 income, issuing new guidance Sept. 19 spelling ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

Tucked away among the 940 pages of President Donald Trump’s massive One Big Beautiful Bill Act (OBBBA) are an array of new tax write-offs, exemptions that Trump promised to enact while running for a ...

Treasury posted a preliminary list of occupations that customarily and regularly receive tips for purposes of the “no tax on tips” provision of H.R. 1, P.L. 119-21, commonly known as the One Big ...

The Treasury Department unveiled its list of jobs that will be covered by the Trump administration's "no tax on tips" policy under the One Big Beautiful Bill Act (OBBBA). President Donald Trump made ...

There are more than 60 jobs that will qualify for President Trump’s “no tax on tips” law ushered in through his “One, Big, Beautiful Bill Act.” Service industry workers ranging from bartenders to golf ...