The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...
The Daily Overview on MSN
The IRS might owe you money from missed refunds
Millions of taxpayers walk away from tax season every year without realizing the government may still be holding their cash.
The Mirror US on MSN
IRS releases guidance for restaurant workers as new Trump bill causes 'confusion'
Individuals can now claim tax deductions on tips and overtime, which is particularly important for restaurant and gig workers ...
IRS deploys Salesforce AI agents across divisions after massive staffing reductions, aiming to help overworked staff process ...
Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.
The credit will apply to donations made to scholarship-granting organizations that support elementary and secondary students.
Takeaways For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax deduction on qualified overtime pay and qualified tips.
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