The "big beautiful bill" introduced a tax provision that allows some workers to deduct the tips they earn. The IRS released the final rule on who qualifies.

The final IRS regulations expand the tips deduction to 71 occupations and clarify rules on qualified tips, digital payments, and automatic gratuities.

A new law allowing "no tax on tips" could help as many as four million Americans qualify for FHA mortgages, experts say.

The IRS has released new guidance to help taxpayers who are eligible to claim the deduction for tips and for overtime compensation for tax year 2025. (The guidance to help employers and other payers navigate reporting requirements for cash tips and ...

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) brought the No Tax on Tips Act to the floor with the ...

WASHINGTON (AP) — The Treasury Department is moving closer to making President Donald Trump’s “ no tax on tips ” promise a reality. But new guidance released Friday tends to limit the number of tipped workers who will be able to claim the benefit.

"No Tax on Tips" benefits some Nevada tipped workers, but job limits, tip rules and income caps reduce who qualifies. See how to find free tax help.

Despite the name, Trump's tax break doesn’t make tip income tax-free. Instead, it allows eligible workers to deduct up to $25,000 in tip income from their federal taxable income.