Will you stop paying taxes on your tip income? New tax rules may allow some workers to reduce their tax liability on ...

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily ...

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

The 2025 tax season is bringing multiple notable changes that have left many taxpayers wondering what they need to know.

Millions of workers could soon claim the "no tax on tips" deduction, which offers a tax break for returns filed in 2026. The provision in President Donald Trump's "big beautiful bill" allows certain ...

Tipped workers will be able to deduct up to $25,000 in tips from their taxable income beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules apply to many tax breaks.

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...

A growing debate over how tipped income is taxed in Illinois has resurfaced as state Rep. Regan Deering, R-Decatur, ...

The 2026 filing season officially opened Monday, with an April 15 deadline for submitting returns and paying any taxes owed.

The 2026 tax season opened Jan. 26, and there are a few new federal withholdings filers need to be aware of.