The U.S. House of Representatives narrowly approved the "big, beautiful bill." The bill now goes to the Senate, where it ...

The Senate unanimously passed the No Tax on Tips Act, fulfilling a key Trump campaign promise. The bipartisan bill would provide tax deductions for millions of tipped workers despite concerns from ...

Competing House and Senate bills have the potential to reshape how the IRS taxes tips and overtime wages. The Senate recently passed the “No Tax ...

The Congressional Budget Office warned that exempting overtime pay from income taxes could lead to $124 billion in lost tax ...

The U.S. Senate bill, which codifies into federal law a campaign promise made by President Trump,establishes a tax deduction of up to $25,000 for tips for employees who earn less than $160,000. The ...