The Internal Revenue Service issued guidance Friday for workers eligible to claim the deduction for tips and overtime income for tax year 2025. Notice 2025-69 provides clarification on how to ...

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 ...

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 ...

Microsoft Visual Studio 2026 Arrives With ‘AI Woven Into Workflow’ Your email has been sent First major visual studio upgrade in five years AI, performance, and ...

OpenAI signed a contract with Oracle ORCL0.65%increase; green up pointing triangle to purchase $300 billion in computing power over roughly five years, people familiar with the matter said, a massive ...

Some 'no tax on tips' occupations might surprise you: Podcasters, social media influencers, plumbers and house painters. The new, special tax break on tips is retroactive and applies to eligible tip ...

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 ...

The massive federal spending and tax bill, dubbed the Big, Beautiful Bill, was signed into law by President Donald Trump on July 4th. The bill includes tax breaks for tipped workers, such as those in ...

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Editor’s Note: This story has been updated to amend the National Restaurant Association’s position on the bill. (NEXSTAR) — Among the multiple provisions within the bill President Donald Trump signed ...