Taxes for tipped workers and people getting overtime are starting to look a lot nicer. After the House of Representatives passed a huge tax and spending bill Thursday, the major question is what will ...

A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

It’s that odd time of day at Havana Central in Midtown Manhattan, the lull between lunch and happy hour. The restaurant’s still buzzing though, with Cuban music pumping through the speakers. “I like ...

Tipped workers will be able to deduct up to $25,000 in tips beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

No tax on tips and overtime pay is officially law, as part of President Donald Trump's sprawling tax cut and spending package signed into law on Fourth of July. Despite heated partisan divides over ...