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 ...

Investors interested in stocks from the Financial - Investment Management sector have probably already heard of Janus Henderson Group plc (JHG) and KKR & Co. Inc. (KKR). But which of these two ...

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 ...

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 ...

Millions of Americans who receive tips or overtime pay have been issued new guidance from the Internal Revenue Service (IRS) clarifying what tax deductions are available to them. On Friday, the IRS ...

The Internal Revenue Service signaled that it is relaxing enforcement of the new “no tax on tips” law, allowing more workers to potentially take advantage of the break. The agency said Friday it is ...

“In The Chair With” spotlights the incredible hairstylists in our community who are giving us major inspiration. Each week, they discuss their personal hair and career journeys, what they’ve learned ...

What began as a campaign promise in Nevada became law this summer with the passage of the One Big Beautiful Bill Act: "No taxes on tips" is now nationwide. But even as pundits debate its merits, ...

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 ...

Breakthroughs, discoveries, and DIY tips sent six days a week. Terms of Service and Privacy Policy. Apple has four new iPhones for 2025: the iPhone 17, iPhone 17 Pro ...

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 ...