Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

The IRS has released new guidance to help taxpayers who are eligible to claim the deduction for tips and for overtime compensation for tax year 2025. (The guidance to help employers and other payers ...

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OKLAHOMA CITY (KFOR) — There are some new changes when filing your taxes that may help you get a bigger refund. If you get overtime or tips, this is for you. “The answer is they’ll pay more taxes than ...

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The new year will bring a host of tax benefits that Americans can take advantage of when filing their taxes in a few weeks. The IRS released its guidance for the "no tax on tips" and "no tax on ...

Tax season opened this year on January 26, 2026, and the IRS expects to process more than 164 million individual tax returns for the 2025 tax year. But not everyone is rushing to file, and not ...

Brand new rules for tax breaks on overtime and tip income are bound to drive taxpayers bonkers when trying to file their 2025 federal income tax returns next year. Expect to face far more work and ...