Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.
On November 21, 2025, the Internal Revenue Service (IRS) and the U.S. Department of the Treasury released guidance outlining ...
The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS ...
The agency is delaying implementation of a provision of the new law that prevents workers in certain service businesses from claiming the deduction.
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