The U.S. Senate unanimously passed the "No Tax on Tips Act," a bipartisan bill that would exempt up to $25,000 in cash and non-cash tips from federal income taxes for eligible workers.

Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.

These provisions may not have top billing in the sweeping GOP tax bill, but they could have a big impact on Americans' ...

U.S. President Donald Trump's signature tax break on tips promises relatively few upsides for low-income Americans, who face ...

"Whether it passes free-standing or as part of the bigger bill, one way or another, no tax on tips is going to become law and give real relief to hard-working Americans," Sen. Ted Cruz, R-Texas., said ...

The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.

The broad tax package passed by House Republicans last week includes a bill that would eliminate federal income taxes on tips ...

What are the pros and cons of the No Tax on Tips billion and what do you need to know before it goes into effect.

Democratic senators let one of their colleagues pass a "No Tax On Tips" bill via voice vote. But several told BI they still ...

Bringing an end to overtime pay taxes was a campaign promise from President Donald Trump in the run up to the 2024 election. He recently renewed that pledge, telling a crowd of supporters in Michigan ...