President Donald Trump’s recently enacted tax legislation includes a provision that eliminates taxes on tips, a measure he ...

President Donald Trump’s “big beautiful bill” includes a section for “no tax on tips.” Now that the provision is enacted, ...

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 ...

If tax time is upon you and you have unreported tips to your employer, you must complete an IRS Form 4137, Social Security Tax on Unreported Tip Income. Make sure to report any unreported tip ...

The "Big Beautiful Bill" did not actually eliminate taxes on tips, overtime, or Social Security, but many people will be able ...

You must report the income you made from tips on your tax return. On its website, the IRS advises you keep a "daily tip record" in order to have the full amount ready to report come tax season.

If tax time is upon you and you have unreported tips to your employer, you must complete an IRS Form 4137, Social Security Tax on Unreported Tip Income. Make sure to report any unreported tip ...

The Senate on Tuesday unanimously passed the No Tax on Tips Act in a surprise vote. This could boost momentum for the idea floated by President Donald Trump during his 2024 campaign.

ROCK HILL, SC / ACCESS Newswire / March 19, 2025 / TaxBandits, a leading e-filing platform for businesses and tax professionals, now supports Form 8027, making the process of reporting tip income ...