This week’s Tax Breaks newsletter also looks at fantasy football winnings, car-related tax deductions, stock options, IRS Chief Counsel nod, Taylor Swift tax, tax filing deadlines, and tax trivia.

Who says our politicians can't agree on anything these days? All 100 U.S. senators, comprised of Democrats and Republicans, voted this week to unanimously approve "no tax on tips.” The Senate’s ...

The Republican-led Senate passed the No Tax on Tips Act in an unexpected unanimous decision Tuesday afternoon. The bill, which eliminates federal tax on tips for hospitality workers and servers, ...

Senators passed the “No Tax on Tips Act” in a unanimous vote Tuesday, sending the legislation to the House in a win for President Donald Trump, who campaigned last year on removal of taxes on tips.

The U.S. Senate unanimously passed the “No Tax on Tips Act,” put forth by Sen. Ted Cruz, R-Texas, and cosponsored by two Democrats: Nevada Sens. Jacky Rosen and Catherine Cortez Masto. The surprise ...

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

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.) ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Photo by Drew Angerer / AFP via ...

Filing taxes is already stressful enough, and it is even more so if you find you owe the IRS money. As the number of people who owe a tax bill at the end of the year increases and household budgets ...

The Republican-introduced No Tax on Tips Act moved one step closer to becoming law after the legislation was unanimously passed in the Senate on Tuesday. The bill now moves on to the House, and if ...