The White House has reported that, on average, Americans will receive about $1,300 more in their pocket through the deduction ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

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Automatic gratuity isn’t a scam — it’s the system that keeps servers from losing money while doing their jobs. Darron Cardosa is a food service professional with over 30 years of restaurant experience ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

Amazon has brought back its annual “Thank My Driver” program allowing customers to send $5 holiday tips to drivers at no cost. Customers simply need to tell an Alexa-equipped device such as Amazon’s ...

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

What makes us tip? A new study explores two main motives: genuine appreciation for the service and conformity with social norms. Those who truly value the service tend to tip above the standard rate, ...

You've ordered drinks at the bar, and now it's time to pay. Before you even see the total, the bartender hands you a tablet with a digital tip screen. The typical options are 18%, 20%, 25% — or ...

The IRS on Friday issued proposed regulations (REG-110032-25) on the new deduction for tip income contained in the sweeping tax legislation passed over the summer. The rules contain details on ...

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