Gov. Kathy Hochul said she would include the measure, which affects tips earned in the 2026 tax year, in her fiscal year 2027 ...

The IRS has rolled out new guidelines tied to the “no tax on tips” and “no tax on overtime” initiative, aimed at giving ...

California isn’t adopting Trump’s federal “no tax on tips” policy, and cash-strapped service workers are not pleased.

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

Gov. Kathy Hochul and Democratic New York lawmakers haven’t extended President Trump’s “no tax on tips” policy to state ...

Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...

Gov. Kathy Hochul said her next budget will propose a state tax break for tips that mirrors a new federal deduction for tipped income up to $25,000.

Taxpayers could be stretched to new limits in 2026 as complicated new tax breaks kick into place on 2025 federal income tax returns.

After both parties in Washington embraced ending federal income tax on tips during the last election cycle, a bill that would do just that made it through the Senate Tuesday. The big story in Congress ...

Discover tax-saving strategies for financial advisors, including deductions on business expenses, entity structuring, and maximizing retirement savings.