The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

The IRS will provide transitional relief for taxpayers who want to benefit from the “no tax on tips” and “no tax on overtime” breaks in President Donald Trump’s new tax law, the agency said in a ...

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

The "Big Beautiful Bill" did not actually eliminate taxes on tips, overtime, or Social Security, but many people will be able ...

The “No Tax on Tips” provision, passed and signed into law on July 4 as part of President Donald Trump’s One Big Beautiful ...

Over the past number of years, the IRS has been on a campaign to “encourage” tipped employees to properly and accurately report their tip income. Because tip income often is received in the ...

Question from Jill March 18, 2011 at 10:26am Richard, My employer is sending out amended W-2's to report tips earned. Can I file with my current W-2 and claim 10% of my income for tips instead of ...

Any tips that are not reported to an employer must be recorded on Form 4137, Social Security and Medicare Tax On Unreported Tip Income. There are three programs currently in place for IRS tip ...

The Internal Revenue Service has extended for another two years the Attributed Tip Income Program, which makes it easier for workers in the food and beverage industry to report the money they earn ...

Headlines falsely claim the IRS is cracking down on the reporting of tips by service industry workers, including waiters. Here's what's actually happening. Skip Navigation.

Question: I just began a job as a bartender for a busy hotel bar and my manager told me that if I do not report my tips, he will be forced to allocate tips to me on my 2024 Form W-2 which can ...

In the 1990s, the IRS realized some service workers and their employers were having difficulty complying with tip reporting requirements on their own, resulting in unreported income and audits.