IRS Gives Employers A Breather On No Tax On Tips, Overtime Reporting For 2025

The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and payers. To help, ...

Las Vegas workers who might benefit from Trump’s 'no tax on tips’ policy are missing out as fewer non-Americans come to town — thanks in part to Trump

Trump’s “no tax on tips” policy, which exempts up to $25,000 in tips annually from personal income taxes, was meant to boost ...

IRS grants relief over taxes on tips

The IRS issued a penalty relief over reporting requirements on cash tips and overtime compensation for 2025, as employers adjust.

Newly passed bill really eliminates taxes on tips, overtime, Social Security — but it’s not from Trump. Here’s who benefits from this ‘game changer’

Imagine getting a government budget passed with bipartisan support and no shutdown, featuring tax cuts President Donald Trump ...
Journal of Accountancy

Employers get reporting relief on tips, overtime; won’t face penalties for tax year 2025

An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime ...