Under the OBBBA, workers can treat tips as an above-the-line deduction for the first $25,000 in tips they receive. The deduction will apply to federal income taxes, but not federal payroll taxes, and ...

The European Commission is preparing to unveil a proposal to impose new levies on large companies operating in the bloc, as ...

A new tax deduction offers significant relief for American taxpayers aged 65 and older, providing up to $6,000 per individual. This initiative, signed into law by President Donald Trump, aims to ease ...