President Donald Trump’s signature “one big beautiful bill” promises to let workers keep more of what they earn by making tips and overtime wages — tax-free. For the hundreds of thousands who rely on ...

A "no tax on tips" proposal has broad support among politicians and Americans across party lines, though critics – including a restaurant trade group – warn the tax break could be costly and apply ...

In July 2025, the 'One, Big, Beautiful Bill' was signed into law and several new tax law provisions are set to become effective, impacting federal taxes, credits and deductions. This bill makes ...

A hallmark promise from Donald Trump’s presidential campaign is now law, granting tipped workers a significant tax break. But even before the ink has dried, the new measure is sowing confusion across ...

A "no tax on tips" proposal has broad support among politicians and Americans across party lines, though critics – including a restaurant trade group – warn the tax break could be costly and apply ...

It’s that odd time of day at Havana Central in Midtown Manhattan, the lull between lunch and happy hour. The restaurant’s still buzzing though, with Cuban music pumping through the speakers. “I like ...

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...

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 ...

Each weekday, in our Management Tip of the Day newsletter, HBR offers tips to help you better manage your team—and yourself. Here is a curated selection of our favorite Management Tips on finding ...

NOTE: An earlier version of this story overestimated how much workers could save in federal taxes under President Donald Trump’s “big, beautiful bill” and did not apply progressive tax brackets. The ...