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 ...

Ending taxes on overtime and tips was a campaign promise Trump made. An earlier version of the bill had made it so that no taxes would be paid on overtime and tips through 2028. Instead, a cap was ...

The "no tax on tips" provision within the Senate version of the One Big Beautiful Bill Act allows tipped workers to deduct tip income from their federal taxable income, up to $25,000 annually.

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.

What does the Big Beautiful Bill say about tax on overtime and tips? The final version of the bill will allow workers to deduct up to $25,000 in tips and up to $12,500 ($25,000 in the case of a ...