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 how workers can calculate their tax deduction for tips and overtime pay for ...

Millions of Americans who work overtime shifts or receive tips will be eligible to claim new deductions on their 2025 tax ...

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.

This conflict could already be seen with the pilot program. According to a report by an Inspector General, the IRS’s Direct File software failed to list certain education tax credits that filers could ...

The IRS has released updated federal income tax brackets and standard deductions for the 2026 tax year, which will apply to returns filed in 2027. Democrats Launch Investigation Into Trump’s ‘Theft’ ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

The Internal Revenue Service (IRS) has furloughed nearly half of its staff as the federal government shutdown drags into its second week. The furlough of staff comes as several tax deadlines approach ...

A federal court this week struck down a controversial Internal Revenue Service “facts and circumstances” test for nonprofit tax-exempt status, calling it unconstitutionally vague and opening the door ...

Internal Revenue Service employees across the Kansas City region are bracing for the full impact of a federal government shutdown poised to force thousands home without pay. National Treasury ...