Tipped workers will be able to deduct up to $25,000 in tips from their taxable income beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

July 30 (Reuters) - Teeth aligner maker Align Technology (ALGN.O), opens new tab on Wednesday cut its annual revenue growth forecast as macroeconomic uncertainties weighed on demand for its dental ...

A "no tax on tips" proposal has broad support among politicians and Americans across party lines, though critics – including a restaurant trade group – warn the tax break could be costly and apply ...

The massive federal spending and tax bill, dubbed the Big, Beautiful Bill, was signed into law by President Donald Trump on July 4th. The bill includes tax breaks for tipped workers, such as those in ...

NOTE: An earlier version of this story overestimated how much workers could save in federal taxes under President Donald Trump’s “big, beautiful bill” and did not apply progressive tax brackets. The ...

Tipped workers in the U.S. could see significant changes to their taxes after Congress approved President Trump's legislative agenda on Thursday. This week, the GOP-controlled Senate and House ...