The IRS has released drafts of some 2026 tax forms, including a draft of Form W-2. The changes are intended to address tax reporting updates, particularly for tipped and overtime workers. Wondering ...

The U.S. Senate passed the "No Tax on Tips Act" on May 20, a bill introduced by Sen. Ted Cruz of Texas that would create a tax deduction on tips worth up to $25,000. President Donald Trump promised to ...

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...

Not all workers will feel the impact of this bill — and some may not benefit at all. So who’s cashing in, and who’s missing out? The U.S. Senate unanimously passed the No Tax on Tips Act, which would ...

A bipartisan bill that passed the U.S. Senate by unanimous vote on May 20 could mean no income tax on tips for bartenders and restaurant workers, as well as other occupations that rely heavily on ...

Not all workers will feel the impact of this bill — and some may not benefit at all. So who’s cashing in, and who’s missing out? Stacey Leasca is an award-winning journalist with nearly two decades of ...