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News

Tips, IRS tax forms

Digest more
 · 4h · on MSN
No tax on tips and overtime? What you need to know — and what isn’t known yet
Under the bill Trump signed into law on July 4, the U.S. Treasury Department must publish a list by Oct. 2 of occupations that qualify for tax-free tips. The department is also expected to publish guidance on how to report tips and overtime pay, and what documentation will be required.

Continue reading

 · 2d
No tax on tips: How does it work? How much can I save? See what Trump's new bill means
 · 4d · on MSN
New 'No Tax on Tips' Bill Approved for 2025: What to Know Now
Explícame on MSN3d
How You Should Report Tax-Exempt Tip Income to the IRS under the New Tax Plan
The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...
2don MSN
‘No Tax on Tips’ is now the law: What workers should know about timeline, how paychecks will be impacted
The “No Tax on Tips” provision, passed and signed into law on July 4 as part of President Donald Trump’s One Big Beautiful ...
2d
'No tax on tips' is now law. What does that mean for tipped workers?
Labor advocates say President Trump’s big promise to end tax on tips has morphed into a more complicated policy reality, and ...

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