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How does no tax on tips, overtime work? What to know about today your tax refund

For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in the $50,000 to $100,000 range, shielding $12,500 in overtime or $25,000 in ... read more

New 'No Tax on Tips' Bill Approved for 2025: What to Know Now

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the 2025 tax year. That means eligible workers could claim the deduction when ... read more

Here’s how Trump’s spending bill will impact your money: child tax credit, no tax on tips and more

Now that the tax and spending bill has been signed into law, how it will impact the finances of Americans is more clear. read more

Trump's 'no tax on tips' is getting close to the finish line. Here's how it will work.

The Senate narrowly approved Trump's tax bill, which includes a provision that would make his “no tax on tips” campaign promise a reality. read more

How does no tax on tips work and what it means for New Jersey workers; what to know now

A full-time NJ restaurant worker earning $40,000 base salary and $20,000 in tips could deduct all of their tips. If they also pull in $10,000 in overtime during the year, they’re nearly maxing out ... read more

What President Trump’s spending and tax bill means for tipped workers

President Donald Trump signed his massive spending and tax policy package on Friday. It includes new tax policy aimed at achieving his campaign promise of ‘no tax on tips.’ ... read more

Omaha restaurant workers weigh in on new ‘No taxes on tips’ portion of Trump’s new bill

Omaha restaurant workers will see the impact of the ‘no taxes on tips’ portion of President Trump’s “Big, Beautiful Bill” that’s now law. read more

"Big, beautiful bill" gives tipped workers a new tax break. Here's what to know.

After narrowly squeaking through the House on Thursday, the "big, beautiful bill" now heads to the president's desk for his signature. As part of the legislation, workers who rely on tips for a large ... read more

Florida tipped workers get new tax break under President Trump's "big, beautiful bill"

A new Trump-backed budget law allows tipped workers to deduct up to $25,000 in tips and $12,500 in overtime, offering temporary tax relief through 2028. read more

What's in the 'big, beautiful bill' for American workers?

Analysis shows Trump's tax bill would reduce federal tax burdens for all income levels, making TCJA's lower rates permanent while adding temporary deductions for tips and overtime. read more

Trump-backed bill would eliminate taxes on tips: Here's what it could mean for you - NBC New York

Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life. Also on CNBC How much you need to earn to be upper-middle class in every U.S. state ... read more