It used to be the case that tipping was a relatively rare occurrence. One could expect to have to pay a tip after eating or following one-on-one services like a haircut, but outside of those areas, ...

The Internal Revenue Service and the Treasury have issued guidance for taxpayers to claim the deductions for tips and overtime pay from the One Big Beautiful Bill Act. Processing Content The two ...

Have you noticed an increase in the expectation for tips these days in everything from fast-food restaurants to delivery services? For instance, you: Go out to eat at a fast-food joint, and upon ...

Tipped workers will be able to deduct up to $25,000 in tips from their taxable income beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

Many tipped workers now qualify for a federal income tax deduction on tip income — but there are a few exceptions to know about. Many, or all, of the products featured on this page are from our ...

About three or four times a year, a client will offer a tip to Bill Nemeth for his work on their tax return. Processing Content "I tell them there's no need to tip me, but if they insist I'll accept ...