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

People who are considered ‘highly compensated employees’ wouldn’t be eligible for the ‘no taxes on tips’ provision in the GOP ...

NEW YORK — President Donald Trump’s “ no tax on tips ” pledge became a catchphrase for his 2024 campaign. Now it’s inching ...

The higher SALT cap would mean millions of mostly high-income taxpayers in high-tax states would save thousands of dollars ...

Both the House and Senate versions are structured as deductions, not full exclusions of tips from taxable income. So, workers ...

If you’re a homeowner paying monthly dues to a homeowners association (HOA), you might be wondering: Are HOA fees tax ...

which can occur if someone claims an expense already covered by their fixed-rate WFH deduction claim. Tracking receipts on the ATO’s own app can make it easier to compile a tax return ...

Tax expert Mark Chapman has warned you should keep hold of your receipts even if Labor passes its $1,000 tax deduction policy. (Source: H&R Block/Getty) "Many taxpayers will still need to keep full ...

the amount specified on cash receipts can be recognized as part of the credit card or cash income deduction. Even without receiving the rent tax credit, one can still benefit from the income ...

As the tax filing season approaches ... To claim the rental deduction, Lee said taxpayers must submit the following three documents: A copy of the lease agreement Proof of rent payment, such as a ...

The tax office quietly updated ... blanket $1,000 deduction for WFH expenses. Under that plan, taxpayers will not need to preserve receipts to prove their purchases under the $1,000 threshold.