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 leave, ...

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 ...

Tips, the extra wages that many customer service workers rely on to make ends meet, aren’t free money. They must be reported to the IRS. This can include cash or noncash payments that the customer ...

Traditionally, all tip income was taxable, and workers had to report any cash tips exceeding $20 per month to their employer. But in 2025, the One Big Beautiful Bill introduced temporary exemptions: ...