The much-touted new tax breaks for tips, overtime, seniors and car loan interest have a lot of income tax filers expecting a ...

The IRS recently changed tip deduction rules for self-employed individuals. If you filed early, learn how to amend your tax return.

The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications.

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

Did you earn tips in the service industry or work a lot of overtime? With the 2026 tax season approaching, you might be wondering how to properly prepare your tax filings. Last summer, President ...

Millions of tipped workers are still seeing income tax withheld on their tips, even though a recent federal law changed how tip income is taxed, according to the IRS. For many workers, this means they ...

Roughly 6 million people reported income from tips on federal income tax returns in the past — and you can bet they'll jump at the chance to see a bigger refund by claiming a new deduction on tip ...

The tax break on tip income is not automatic. You need to file a new form. The U.S. Treasury Department has a list of dozens of occupations that 'customarily and regularly received tips' that qualify ...