The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

On May 20, 2025, the No Tax on Tips Act, a standalone bill that would effectively exempt up to $25,000 in tips from federal income tax for certain workers, passed by unanimous consent in the Senate.

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.) ...

After several key changes in 2025, experts are advising taxpayers to start preparing for the coming year now to avoid any costly mistakes.

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. The Tax Relief for American Families and Workers Act of 2024, also known as the "One Big ...

The Republican-led Senate passed the No Tax on Tips Act in an unexpected unanimous decision Tuesday afternoon. The bill, which eliminates federal tax on tips for hospitality workers and servers, ...

Since it was enacted, we’ve been aware of the Tax Cuts and Jobs Act’s built-in “sunset” date of December 31, 2025. Come the first day of 2026, almost all of the legislation’s significant changes to ...

Georgia's Less Crime Act provides dollar-for-dollar tax credits for contributions made to approved law enforcement ...

As we approach the end of 2025, a significant shift is on the horizon for federal employees and all taxpayers across the country. The Tax Cuts and Jobs Act, enacted in 2017, is set to expire at the ...

WASHINGTON D.C. (WSET) — Virginia Senators Mark Warner and Tim Kaine, along with several other senators, have introduced the Working Families Tax Relief Act. This legislation aims to provide tax ...

HIRE Act proposes 25% tax on companies for hiring foreign workers. Amid MAGA talks of taxing companies for hiring foreign workers or banning them from hiring Indians, senator Bernie Moreno (R-Ohio) ...