Tips on 'no taxes' on tips: How to claim a new $25,000 deduction

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...

Do You Earn Tips? You Might Be Eligible To Deduct Up To $25,000 For 2025

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.
The Hill

No Tax on Tips Act: What to know about the bill and what comes next

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...
Boston Herald

Who qualifies for ‘no tax on tips’ and what counts as a tip? Here are the new rules

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 ...
Time

Ending Taxes on Tips Is Controversial Even Though Trump and Harris Both Want It

Vice President Kamala Harris and former President Donald Trump have both endorsed a policy to eliminate federal taxes on tips, a rare instance of agreement between the two campaigns as they aim to ...
Los Angeles Times

Trump promised no tax on tips. Why few tipped restaurant workers will likely benefit

President-elect Donald Trump campaigned on removing taxes on tips; many Democrats agree with the idea. Economists and tax experts say eliminating income tax on tips will not benefit most tipped ...
NPR

No tax on tips: Why politicians love it, and economists don't

Vice President Harris and former President Donald Trump don't agree on much — especially when it comes to economic policy. But they both want to get rid of taxes on tips. At a campaign rally in Nevada ...