National Law Review

IRS Guidance on Claiming the New Tax Deduction for Tips and Overtime Pay

Takeaways For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax ...

'No tax' on overtime and tips will trigger a tax 'mess' for many

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

IRS Explains How US Workers Can Claim Trump's Tips, Overtime Deductions For 2025 Tax Year With Actual Use Cases

As the 2025 tax season approaches, the Internal Revenue Service (IRS) and the US Treasury Department have released guidance ...
JD Supra

IRS Rolls Out Expanded Guidance on the Big, Beautiful Tax Break on Tips and Overtime

The new IRS guidance (Notice 2025-69) clarifies how workers can claim the One Big Beautiful Bill Act's recently enacted ...

IRS releases guidance for Trump's tips, overtime deductions. What workers need to know

The IRS has released guidance for President Donald Trump's tips and overtime deductions. Here's what workers need to know.