Some of the biggest tax changes in years could hit your federal return right now. From untaxed tips and overtime to a new incentive for new-car buyers, to a bigger child tax credit, Consumer Reports ...

New tax breaks for tips, overtime pay and car loans come with strict limits that could leave many Americans out this tax season.

A for tax year 2025 tied to the “One, Big, Beautiful Bill,” offering deductions for tips, overtime pay, car loan inte ...

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

Millions of workers could soon claim the "no tax on tips" deduction, which offers a tax break for returns filed in 2026. The provision in President Donald Trump's "big beautiful bill" allows certain ...

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

Budtenders and other cannabis shop workers don't qualify for "No Tax on Tips." Declared tips must be voluntary so mandatory gratuities common for large parties are excluded. IRS guidance remains ...

Quick-service restaurant (QSR) operators must immediately update payroll systems and job classifications to handle the complex tracking and reporting requirements of the 2025 One Big Beautiful Bill ...

>> WELL, SOME OF THE BIGGEST TAX CHANGES IN YEARS COULD HIT YOUR FEDERAL RETURN RIGHT NOW. >> 12 NEWS MALLORY ANDERSON AND CONSUMER REPORTS HAVE THE ADJUSTMENTS, LEAVING MORE MONEY IN YOUR POCKET. >> ...