Several impactful tax changes are already in force for 2025 under the One Big Beautiful Bill. Here's what taxpayers need to ...

President Donald Trump’s recently enacted tax legislation includes a provision that eliminates taxes on tips, a measure he ...

President Donald Trump’s “big beautiful bill” includes a section for “no tax on tips.” Now that the provision is enacted, ...

On July 4, 2025, President Donald Trump signed the “One Big Beautiful Bill” into law. Among its sweeping provisions are two ...

President Trump signed the “One Big Beautiful Bill” (OBBB) into law, which contains two key provisions that are likely to be ...

Many service workers are eagerly awaiting no longer paying taxes on their tips. Yet the fine print in Republicans’ new law could limit savings for some waiters, bartenders and others. Among the ...

On July 4, 2025, as part of the One Big Beautiful Bill Act (Act), provisions titled “No Tax on Tips” and “No Tax on Overtime” were signed into ...

The new No Tax on Tips baked into President Trump’s ‘Big, Beautiful Bill’ has caused confusion and anger for restaurant ...

President Trump signed into law H.R. 1, better known as the One Big Beautiful Bill Act, on July 4. The legislation includes ...

The "Big Beautiful Bill" did not actually eliminate taxes on tips, overtime, or Social Security, but many people will be able ...

You must report the income you made from tips on your tax return. On its website, the IRS advises you to keep a "daily tip record" in order to have the full amount ready to report come tax season.

If tax time is upon you and you have unreported tips to your employer, you must complete an IRS Form 4137, Social Security Tax on Unreported Tip Income. Make sure to report any unreported tip ...