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 ...

Learn how the new "no tax on tips" deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work.

The IRS is rolling out new deductions for tip and overtime income. Here's how they work and who qualifies.

Forbes contributors publish independent expert analyses and insights. Peter J Reilly is a Forbes contributor who covers taxes. What we have in the final language about tips and overtime illustrates ...

New federal and state rules allow certain workers to deduct thousands of dollars in tips or overtime.

On November 21, 2025, the Internal Revenue Service (IRS) issued Notice 2025-69, providing guidance and clarification on the new federal income tax deductions for employee tips and certain overtime ...

Competing House and Senate bills have the potential to reshape how the IRS taxes tips and overtime wages. The Senate recently passed the “No Tax on Tips Act” while the House budget reconciliation bill ...

In hospitality-rich South Florida, the new federal law making tips and overtime tax-free won’t touch the wallets of tipped restaurant workers until next tax season, but it’s already having a snowball ...