Young and the Invested on MSN

No tax on tips? Not so fast!

The tip deduction doesn’t completely eliminate taxes on tips. The deductible amount is limited, it isn’t available to every ...
The IRS will begin accepting 2025 tax returns on Monday, Jan. 26, 2026, the agency announced. Taxpayers have until Wednesday, ...
Learn how the new "no tax on tips" deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work ...
A slew of new tax provisions went into effect in 2025, which could significantly change how much you'll get back.
California isn’t adopting Trump’s federal “no tax on tips” policy, and cash-strapped service workers are not pleased.
Gov. Kathy Hochul and Democratic New York lawmakers haven’t extended President Trump’s “no tax on tips” policy to state ...
TikTok tax experts have emerged to help TikTok users avoid pitfalls, confusion, tax penalties, or poor tax advice.
But while the phrase “no tax on tips” suggests widespread savings, experts say many tipped workers already owe no federal ...
As the 2026 tax filing season draws closer, the Internal Revenue Service (IRS) is encouraging Americans to begin preparing ...
If you filed your taxes online, you can expect to receive a refund in one month or less, in most cases. The IRS says it ...
If you're ready to file your 2025 income taxes (and receive your potential tax refund) early, here is the information and documentation you need.