The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS ...

It is estimated that there are about 6 million workers who report tipped wages The Department of the Treasury and the ...

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

Employees have been wondering how they will determine the amount of their qualified tips and qualified overtime eligible for deduction under the ...

The IRS has issued guidance on how millions of US workers can claim deductions on cash tips and overtime income for the 2025 ...

Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.