The IRS published instructions and tips to help qualified tipped workers to apply for the “No Tax on Tips” deduction.

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

The new senior tax deduction ushered in by the 'Big, Beautiful Bill' is worth up to $6,000 per qualified filer.

To claim the new tax break, you will need to fill out a new tax form called Schedule 1-A. Schedule 1-A is an IRS form used to ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

The White House has reported that, on average, Americans will receive about $1,300 more in their pocket through the deduction ...

Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get this tax break and avoid missing out.

The Canada Revenue Agency says Canadians filing their 2025 income tax and benefit returns will see several service updates and proposed federal tax changes, including a reduction to the lowest ...

The tax break on tip income is not automatic. You need to file a new form. The U.S. Treasury Department has a list of dozens of occupations that 'customarily and regularly received tips' that qualify ...