President Donald Trump has renewed his call for tax cuts, including eliminating taxes on overtime pay and tips. Speaking to Congress, he urged lawmakers to support what he described as much-needed ...

TIPS — short for Treasury Inflation-Protected Securities — are a kind of U.S. government bond that can help safeguard your wealth from inflation. TIPS are indexed to inflation, so as prices rise, your ...

Learn how the new "no tax on tips" deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work.

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 ...