– Report last month’s tips by the 10th of the current month. – Service charges don’t count. Here are a few things to keep in mind when reporting tips for tax purposes: Know what counts as ...

Working for tips is hard enough, but the rules for reporting tips on your taxes can make life even harder if you don’t know what to do. Here are the basics: Tips include cash that customers ...

A program proposed by the Internal Revenue Service earlier this week would change how service industry employees and employers report taxable tips.

The Trump administration just tipped its hand on who can claim the tax break for tips in the wake of the One Big Beautiful Bill Act. It’s one big list so far — and a reminder there are still big ...

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year.

The IRS Wants to Change the Way Businesses Report Tips The new Sitca program seeks to streamline reporting — and, of course, increase tax compliance.

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year.