The U.S. Senate passed the "No Tax on Tips Act" on May 20, a bill introduced by Sen. Ted Cruz of Texas that would create a tax deduction on tips worth up to $25,000. President Donald Trump promised to ...

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...

The IRS has released drafts of some 2026 tax forms, including a draft of Form W-2. The changes are intended to address tax reporting updates, particularly for tipped and overtime workers. Wondering ...

Not all workers will feel the impact of this bill — and some may not benefit at all. So who’s cashing in, and who’s missing out? Stacey Leasca is an award-winning journalist with nearly two decades of ...

Not all workers will feel the impact of this bill — and some may not benefit at all. So who’s cashing in, and who’s missing out? The U.S. Senate unanimously passed the No Tax on Tips Act, which would ...