There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...

President Trump signed H.R. 1 (commonly known as, the One Big Beautiful Bill) into law on July 4, 2025, which includes a no tax on overtime provision effective January 1, 2025 through December 31, ...

If you make your money on tips or overtime, new federal tax rules that took effect this year could affect how you file your taxes, but experts say the changes are not as simple as they sound.The IRS ...

A tax and spending package introduced new tax breaks on overtime pay and tips for eligible workers. The new rules, which apply to tax years 2025 through 2028, have income and employment-type ...

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 ...

The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and other payers. However, rather than require more reporting this late in 2025, the IRS is ...

Millions of hardworking Americans could save hundreds, or even thousands, of dollars when they file their taxes in 2026 courtesy of legislation included in President Donald Trump’s “Big Beautiful Bill ...