The tip deduction doesn’t completely eliminate taxes on tips. The deductible amount is limited, it isn’t available to every worker who receives tips, some tips aren’t deductible, and tips are still ...

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 ...

Waiters, bartenders, rideshare drivers, hair stylists, and other tipped workers have something to look forward to this tax season: the new "No Tax on Tips" deduction. For the first time ever, you may ...

During the holiday season, Michael DiStefano can be found behind the bar at the historic Milleridge Inn in Jericho. There, DiStefano shakes and pours drinks for hundreds of customers, including a ...

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 ...

The right resources and guidance can help small business owners manage their tax responsibilities more effectively.