The legislation has implications for those who give gratuities and those who pocket them, with the potential to leave both ...

Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, ...

Eliminating taxes on tips has emerged as a sturdy -- and contentious -- political talking point in the last year, and now ...

People who are considered ‘highly compensated employees’ wouldn’t be eligible for the ‘no taxes on tips’ provision in the GOP ...

The U.S. Senate unanimously passed the "No Tax on Tips Act," a bill that would create a tax deduction on tips worth up to $25 ...

Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.

Both the House and Senate versions are structured as deductions, not full exclusions of tips from taxable income. So, workers ...

Can you write off business clothing on your taxes? Learn the IRS rules with these legal tips for staying compliant and saving money as a small business owner or entrepreneur.