The 2025 tax season is bringing multiple notable changes that have left many taxpayers wondering what they need to know.

The OBBBA reshaped several baseline assumptions for 2026 planning around state and local tax, above-the-line deductions and updated inflation adjustments.

This week’s Tax Breaks newsletter also looks at fantasy football winnings, car-related tax deductions, stock options, IRS Chief Counsel nod, Taylor Swift tax, tax filing deadlines, and tax trivia.

The IRS is rolling out new deductions for tip and overtime income. Here's how they work and who qualifies.

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...

Under the new One Big Beautiful Bill Act (OBBB), which was signed into law in July 2025, employers are expected to report new details about cash tips and qualified overtime compensation on their tax ...

On July 4, 2025, as part of the One Big Beautiful Bill Act (Act), provisions titled “No Tax on Tips” and “No Tax on Overtime” were signed into law. These provisions created new individual income tax ...

It may not be tax season yet, but it's time to get ahead. If you wait until January 1st to start your tax planning, there's really not *** lot you can do. You can't go back in time. Jackson Hewitt's ...

A tax and spending package introduced new tax breaks on overtime pay and tips for eligible workers. The new rules, which apply to tax years 2025 through 2028, have income and employment-type ...

Tax advice has evolved and become more accessible in the digital age. Who could have imagined that social media would become a resource to gain tax tips? To kick off the tax season, TikTok's For You ...