News

How does "no tax on tips" work? 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.
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.
The One, Big, Beautiful Bill doubles down on that trajectory with no tax on tips, no tax on overtime, 100% expensing, regulatory rollbacks, border security, and policy certainty.
Also, there’s no payroll tax break involved. That means you will still pay Social Security and Medicare taxes on your tips, even if you claim the income tax deduction. And…not everyone will ...
The Republican-controlled House and Senate have agreed to lock-in future reductions to the 3% state income tax rate, so long as Indiana can afford to make them.
Will you get any benefit from tax break on OT, tips in New Jersey? What the big beautiful bill means.
Range reports that Trump's "Big Beautiful Bill" offers significant tax changes for high earners, including increased estate tax exemptions and expanded SALT deductions.
Learn how to calculate income tax in retirement and optimize your tax liability. Understand retirement income sources, deductions, and tax brackets.
Will Trump's big tax bill help or hurt you? Why it could depend on your income A new analysis found that higher earners stand to benefit most from the Senate's tax bill in the short run, but ...