President Donald Trump’s "One Big Beautiful Bill Act" is now law. So when does it take effect? Here's a look at when its ...

Trump has signed the "big, beautiful" bill, enacting sweeping changes to programs like SNAP and Medicaid. Here's what ...

For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in ...

In Massachusetts, legislation is in the works to end the taxes on overtime and tip, with language that is slightly different ...

Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax ...

However, there are slight differences. In the House bill, no tips would be taxed through 2028. In the Senate bill, the first $25,000 of tips are tax-deductible through 2028 with a $150,000 income ...

The "no tax on tips" provision in the spending bill creates a new deduction for tipped workers, eliminating what they owe in federal income tax. Tipped workers still have to pay state and local ...

President Donald Trump signed the One Big Beautiful Bill into law, which includes new tax deductions for tips and overtime pay that take effect now.

President Donald Trump signed a sweeping piece of legislation that includes several of his campaign promises, including no tax on overtime or tips.