Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

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

Our Management Tip of the Day continues to be one of HBR’s most popular newsletters. In this article, we’ve compiled 10 of ...

NOTE: An earlier version of this story overestimated how much workers could save in federal taxes under President Donald Trump’s “big, beautiful bill” and did not apply progressive tax brackets. The ...

The Treasury Department released proposed regulations Friday on the "no tax on tips" provision of the One Big Beautiful Bill Act, outlining which types of jobs and tips would be eligible. Processing ...

In a fiery address to Congress on Tuesday, President Donald Trump doubled down on his desire for no tax on tips as well as overtime pay and Social Security. The Trump speech reiterated a key campaign ...