The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

Those who hire independent contractors should file Form 1096 with their taxes when reporting non-employee compensation to the IRS by mail. Tax documentation can be a complex landscape for employers, ...

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

Millions of Americans are preparing for a $1,390 stimulus check from the IRS, which is expected to be distributed in mid-summer 2025. This financial relief is part of an initiative intended to assist ...

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Every spring, taxpayers across the country rush to pull together the forms, receipts and financial records required to file their taxes before the April 15th deadline. No matter how prepared you think ...

(The Hill) – Taxpayers and gig workers who use apps such as Venmo and Paypal to make money selling personal goods and services don’t have to worry about the new $600 threshold for reporting sales on ...