President Donald Trump’s signature “one big beautiful bill” promises to let workers keep more of what they earn by making tips and overtime wages — tax-free. For the hundreds of thousands who rely on ...

A "no tax on tips" proposal has broad support among politicians and Americans across party lines, though critics – including a restaurant trade group – warn the tax break could be costly and apply ...

Forbes contributors publish independent expert analyses and insights. Andrew Leahey is an attorney and law professor that covers tax. TOPSHOT - US President Donald Trump (C) shows his signature on the ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

It’s that odd time of day at Havana Central in Midtown Manhattan, the lull between lunch and happy hour. The restaurant’s still buzzing though, with Cuban music pumping through the speakers. “I like ...

Corrections & Clarifications: An earlier version of this article gave incorrect information about gifts being subject to income taxes. Since President Donald Trump first proposed exempting tips from ...

A hallmark promise from Donald Trump’s presidential campaign is now law, granting tipped workers a significant tax break. But even before the ink has dried, the new measure is sowing confusion across ...

The new tax break on tips and overtime has been sold as a windfall for workers who stay late, pick up extra shifts, or live off gratuities. In reality, the fine print decides whether a server, nurse, ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...