News

No tax on tips and overtime? What you need to know — and what isn’t known yet
Under the bill Trump signed into law on July 4, the U.S. Treasury Department must publish a list by Oct. 2 of occupations ...
New 'no tax on tips' law leaves hospitality industry skeptical of benefits
Asheville service workers concerned if new 'no tax on tips' law will be beneficial or be outweighed by stipulations and ...
Explícame on MSN6d
How You Should Report Tax-Exempt Tip Income to the IRS under the New Tax Plan
The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...
New Orleans service workers celebrate 'No Tax on Tips' law that could boost take-home pay
Servers like Shey Newman at Katie’s Restaurant could save thousands yearly under the new law exempting up to $25,000 in tips ...
CBS Detroit on MSN1d
No tax on tips: What workers should know
The "no tax on tips" provision in the federal spending bill creates a new deduction for tipped workers, eliminating or decreasing what they owe in federal income tax. Tipped workers still have to pay ...
Axios report: New Hampshire ranked third-best state for highest average tipping
A new report from Axios shows that New Hampshire is ranked the third most-generous state in tipping. The report said diners in New Hampshire left an average of a 20.9% tip in the first quarter of the ...