The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

Michela Allocca, 30, is the founder of personal finance brand Break Your Budget and author of Own Your Money . The financial strategy she used in her 20s led her to her first million.

When a document comes in the mail that you need for taxes, don't put it in a pile and lose track of it. Put it aside in a safe place and keep all your tax documents together. If you have multiple ...

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