Wondering why, maybe, you didn't get any extra refund cash from a new tax deduction for seniors? Or you somehow didn't qualify for other new federal income tax breaks on tips, overtime and car loan ...
This year's tax season — which officially kicks off Monday — will be a doozy. The Internal Revenue Service anticipates receiving some 164 million individual income tax returns, with the bulk filed ...
The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...
Before filing your 2025 income tax returns, you need to know about several new tax deductions which are important to bartenders, tattooists and other tipped-wage workers. Here's what you need to know ...
The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and other payers. However, rather than require more reporting this late in 2025, the IRS is ...
(AP) — As the tax-filing deadline nears, millions of Americans are expected to claim new federal income tax breaks for tips and overtime wages available for the first time under a wide-ranging tax law ...
(WFSB) - Filing taxes may be more complicated this year as several new deductions take effect for the first time. The changes are part of the “Big Beautiful Bill,” which introduced new tax deductions ...
As the tax-filing deadline nears, millions of Americans are expected to claim new federal income tax breaks for tips and overtime wages available for the first time under a wide-ranging tax law ...