The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...
The "no tax on tips" law was a provision included in President Donald Trump's signature "One Big Beautiful Bill Act," and was ...
It is estimated that there are about 6 million workers who report tipped wages The Department of the Treasury and the ...
US Department of the Treasury and the Internal Revenue Service (IRS) released guidance to claim new tax deductions on tips ...
The agency is delaying implementation of a provision of the “no tax on tips” law that prevents workers in certain service ...
Since the enactment of the “One Big Beautiful Bill Act” (OBBBA) on July 4, 2025, employers have awaited guidance on ...
Markhoff & Mittman, P.C. announced the release of a new informational report on workers’ compensation procedures on November ...
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