IRS Clarifies ‘No Tax on Tips’ Rules, Offers Relief for 2025 Filers
The Internal Revenue Service (IRS) has released updated guidance to clarify how workers can claim deductions under the “No Tax on Tips” provision — one of the more popular measures within President Donald Trump’s One Big Beautiful Bill. The update, issued Friday (Nov. 21), also offers “transition relief” for workers in certain service industries and … Read more