The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.

Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, ...

A sizable tax break could be coming for tipped income, but the economic knock-on effects could be damaging.

Here's what to know about the bill, plus info on North Carolina's “No Tax on Tips, Overtime, Bonus Pay" Bill and more.

As the Republican Party’s signature economic bill heads to the Senate after being passed by the House, one of the key ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

Will the standard deduction increase cut taxes on Social Security benefits? For context, the estimated average monthly Social ...

A potential drawback of eliminating income taxes is the removal of investment tax credits and deductions. For example, the federal government lets people contribute to traditional IRAs and 401(k ...

They are legitimate deductions that fall under medical expenses ... out a property for up to 14 days in a year and pay no income taxes on the proceeds.” People who practice safe sex can deduct ...

Property taxes are currently capped at $10,000 under SALT (State and Local Tax ... "The Qualified Business Income (QBI) deduction [is] one of the biggest deductions for small businesses," says ...

Those deductions may not be as generous or exist under the new bill,” he added ... because they’d be paying slightly lower income tax rates. Businesses and individuals who use those deductions ...

If you’re a high-earner on an income of $300,000 to $500,000 ... t immediately cost you anything out of pocket - but under the depreciation rules you’re able to claim this as an immediate tax ...