A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

In 2025, the IRS will implement a new tax break that allows certain workers to deduct up to $25,000 of tip income, potentially reducing their taxable income. USA Today reports that the tax break will ...

President Donald Trump’s recently passed “One Big Beautiful Bill” (OBBB) has a shiny new tax break for tip earners, but it comes with an expiration date. Find Out: Here’s How Much Every Tax Bracket ...

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 ...