A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.

The new senior tax deduction ushered in by the 'Big, Beautiful Bill' is worth up to $6,000 per qualified filer.

Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get this tax break and avoid missing out.

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

The new $25,000 tip tax deduction applies from 2025 through 2028. File IRS Schedule 1-A to claim it. Only voluntary tips qualify. Income limits apply. Phaseout starts at $150,000 single and $300,000 ...

The IRS began accepting 2025 federal income tax returns on Jan. 26. Some of the changes, passed in the Big, Beautiful Bill Act last year, impact returns this tax season. Read on for key deductions and ...

Millions of older Americans are set to receive meaningful tax relief in the 2025 filing season, as a newly approved senior tax deduction begins reshaping refunds. The provision, introduced as part of ...

The IRS published instructions and tips to help qualified tipped workers to apply for the “No Tax on Tips” deduction.

The IRS is set to begin accepting and processing 2025 tax returns on Jan. 26. What to do to avoid delays and mistakes as new rules kick into place.