Republicans in the House Ways and Means Committee have advanced President Donald Trump's economic package, including trillions of dollars in tax breaks. The bill, which could come up for a vote in the ...

No tax on tips and overtime pay is officially law, as part of President Donald Trump's sprawling tax cut and spending package signed into law on Fourth of July. Despite heated partisan divides over ...

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. “No tax on tips” is the name given to a new tax deduction for tip income ...

Which workers get no taxes on tips? The ones who make it on this closely watched government list set to be released by Oct 2. There's a perception that any tipped worker will qualify for the new "no ...

Who says our politicians can't agree on anything these days? All 100 U.S. senators, comprised of Democrats and Republicans, voted this week to unanimously approve "no tax on tips.” The Senate’s ...

Corrections & Clarifications: An earlier version of this article gave incorrect information about gifts being subject to income taxes. Since President Donald Trump first proposed exempting tips from ...

President Donald Trump’s bill of legislative priorities, also known as the One Big Beautiful Bill Act, advanced out of the House Budget Committee in a rare late-night vote Sunday. The bill, which ...

The broad tax package passed by House Republicans last week includes a bill that would eliminate federal income taxes on tips, advancing a key campaign promise from President Trump with unexpected ...

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 ...