No tax on tips? How the new tip deduction actually works

Will you stop paying taxes on your tip income? New tax rules may allow some workers to reduce their tax liability on ...
The Tax Adviser

Prop. regs. issued on new qualified tips deduction

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily ...
KCRG on MSN

No tax on tips? New federal deductions could boost refunds in Iowa but Illinois opts out

State adopted federal changes while Illinois opted out of deductions ...
New Orleans City Business

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

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 workers who will be ...

Trump accounts, deductions for tips: What's new for tax filing this year

The IRS said it expects 164 million individual tax returns to be filed.
KSAT

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

FILE - A waiter delivers food to patrons at a restaurant, Jan. 21, 2022, in Miami Beach, Fla. (AP Photo/Marta Lavandier, File) (Marta Lavandier, Copyright 2021 The ...