President Donald Trump’s recently enacted tax legislation includes a provision that eliminates taxes on tips, a measure he ...

On July 4, 2025, as part of the One Big Beautiful Bill Act (Act), provisions titled “No Tax on Tips” and “No Tax on Overtime” were signed into ...

I asked the AI platform how Trump's tax cuts under the One Big Beautiful Bill Act could impact my family budget. Here's what it told me.

Certain workers may now be able to keep more of what they earn, but what does “no tax on tips” really mean for employees and ...

The "Big Beautiful Bill" did not actually eliminate taxes on tips, overtime, or Social Security, but many people will be able to claim new income tax deductions that will reduce federal taxes on such ...

Yes. You must report the income you made from tips on your tax return. On its website, the IRS advises you keep a "daily tip record" in order to have the full amount ready to report come tax season.

What ‘no tax on tips’ could mean for you Workers must pay federal income tax and payroll taxes on tip income, just as they do on regular wages. Employees are required to report monthly tips ...

How to report tips on an individual income tax return If tax time is upon you and you have unreported tips to your employer, you must complete an IRS Form 4137, Social Security Tax on Unreported ...

Many service workers are eagerly awaiting no longer paying taxes on their tips. Yet the fine print in Republicans’ new law could limit savings for some waiters, bartenders and others. Among the ...

Northeast Iowa bar and restaurant owners say they're hopeful provisions exempting tips and overtime from federal income tax ...

Nevada has more than twice as many tipped workers as other states so it could reap the most benefit from new Trump-backed law ...