Nevada tipped workers face challenges as "No Tax on Tips" starts in 2026. Check out IRS rules excluding cannabis, brothels and limits to deductions.

The tip deduction doesn’t completely eliminate taxes on tips. The deductible amount is limited, it isn’t available to every worker who receives tips, some tips aren’t deductible, and tips are still ...

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

The U.S. Department of the Treasury and IRS issued proposed regulations with more details about President Donald Trump’s “no tax on tips” deduction. The proposed regulations include eligible ...

Tax season is underway and you have until April 15 to file your return with the IRS.

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

Some of the biggest tax changes in years could hit your federal return right now.

Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making ...

As tax season kicks off, it’s time to see what changes happened in the tax code from 2024 to 2025. Well, what has changed? A lot—and most of the changes ...

Thanks to recent law, your refund for the 2025 tax year could be significantly larger than expected.