The much-touted new tax breaks for tips, overtime, seniors and car loan interest have a lot of income tax filers expecting a ...

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

Early data suggests new tax provisions are increasing refunds for taxpayers.

The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down ...

If you earn tips at work, you may be able to deduct up to $25,000 of qualified tips on your federal income tax return. The tip deduction is gradually phased out – potentially to $0 – if your modified ...

Budtenders and other cannabis shop workers don't qualify for "No Tax on Tips." Declared tips must be voluntary so mandatory gratuities common for large parties are excluded. IRS guidance remains ...