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To tax tips or not? That is a question that will confront lawmakers in states across the U.S. as they convene for work next year. President Donald Trump’s administration is urging states…
The IRS has issued guidance for workers who can claim the deduction for tips and overtime pay -- part of the One Big Beautiful Bill Act -- for the 2025 tax year. Source link
Tucked away among the 940 pages of President Donald Trump’s massive One Big Beautiful Bill Act (OBBBA) are an array of new tax write-offs, exemptions that Trump promised to enact while…
The Senate is beginning to work into its scheduled summer break as a partisan dispute over quickly confirming President Trump's nominees derailed the planned exit. Source link
On Tuesday, the Senate narrowly passed President Donald Trump’s One Big Beautiful Bill Act with a 50-50 vote—with Vice President JD Vance breaking the tie—to get the legislation across the…
One of the most notable features of President Donald Trump’s “big beautiful bill” passed by the House early Thursday is a series of tax cuts exempting tips, overtime, and Social Security…
Treasury Secretary Scott Bessent urged skittish global business leaders on Monday to ignore President Trump’s economic naysayers and ramp up investment in the United States, defending an…
It was easy to miss, but last weekend President Trump floated a fundamental rewrite of the American tax code. In a social media post, and again in remarks to reporters, Mr. Trump suggested…
The Manhattan District Attorney's Office is investigating allegations against the NYPD's highest-ranking uniformed officer involving an overtime-for-sex scheme, a spokesperson confirmed on…
