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New York workers who earn tips would get a state tax break that matches a new federal deduction for tipped income under a budget proposal Gov. Kathy Hochul says she'll make. Hochul announced Jan. 1 ...

Gov. Kathy Hochul on Thursday proposed eliminating state taxes on tips of up to $25,000 a year, as a law that provides a similar federal tax deduction takes effect for 2025 tax-year filings. "I’m ...

Millions of workers could soon claim the "no tax on tips" deduction, which offers a tax break for returns filed in 2026. The provision in President Donald Trump's "big beautiful bill" allows certain ...

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 ...

More than 100 people descended upon an outdoor bar restaurant in Fort Lauderdale on a recent November night, lounging by the fireplace, sipping wine and snacking on chicken wings, talking and laughing ...

The Internal Revenue Service issued guidance Friday for workers eligible to claim the deduction for tips and overtime income for tax year 2025. Notice 2025-69 provides clarification on how to ...