IRS releases guidance for Trump's 'no tax on tips' and overtime deductions: What to know

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...
Kiplinger

What's the Standard Deduction for 2025? Key Changes and Updated Amounts

For a long time, the standard deduction has been a straightforward option for many U.S. taxpayers. It allows most filers to reduce their taxable income without needing to itemize deductions. The ...
Fast Company

This new tax deduction in Trump’s ‘big, beautiful bill’ lets people cash in on charitable donations up to $2,000. Here’s what to know

President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...
Accounting Today

Guidance issued for tip and overtime deductions

In Notice 2025-69, the IRS and the Treasury offer clarifications and examples of how to claim the One Big Beautiful Bill Act ...
USA Today

Can you deduct your home office on your taxes? It's not just 'if'; the key is the 'why'

Many Americans may think that because they work from home, they can take tax deductions for a portion of their rent, utilities and more. Not so fast. Not everyone qualifies to do that. Wage employees ...