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Gov. Kathy Hochul on Thursday proposed eliminating state taxes on tips of up to $25,000 a year, as a law that provides a similar federal tax deduction takes effect for 2025 tax-year filings. "I’m ...

President Donald Trump delivered on his promise to exempt tips from taxes but critics say the “Big Beautiful” policy may deliver a smaller advantage than expected — and could hurt the very workers ...

WASHINGTON (AP) — The Treasury Department is moving closer to making President Donald Trump’s “ no tax on tips ” promise a reality. But new guidance released Friday tends to limit the number of tipped ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

A U.S. Treasury Department document includes podcasters, social media influencers and streamers among occupations eligible for tax-free tips. By Alex Weprin Senior Editor President Trump’s One Big ...

Breaking into the IT industry can be intimidating, especially if you don’t have a technical background. Whether you’re considering a career change or looking to build foundational knowledge, CompTIA ...

NOTE: An earlier version of this story overestimated how much workers could save in federal taxes under President Donald Trump’s “big, beautiful bill” and did not apply progressive tax brackets. The ...

President Trump's promise to eliminate federal income tax on worker tips will become a reality Friday when he signs the massive budget package into law. After narrowly squeaking through the House on ...

A "no tax on tips" proposal has broad support among politicians and Americans across party lines, though critics – including a restaurant trade group – warn the tax break could be costly and apply ...

The Senate Finance Committee proposed a "no tax on tips" measure as part of a multitrillion-dollar package of tax cuts. Senate Republicans would cap the tax deduction on tips at $25,000 a year. The ...