Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.

The agency is delaying implementation of a provision of the new law that prevents workers in certain service businesses from ...

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

On November 21, 2025, the Internal Revenue Service (IRS) and the U.S. Department of the Treasury released guidance outlining ...

The IRS has released guidance for President Donald Trump's tips and overtime deductions. Here's what workers need to know.

A federal court said the pair “vastly overreported their actual income and taxes paid” in 2020 and now demands repayment with ...