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Several of the provisions in the law are not permanent, and will expire in 2028.
Servers like Shey Newman at Katie’s Restaurant could save thousands yearly under the new law exempting up to $25,000 in tips ...
Workers who pick up extra shifts may now qualify for temporary relief on their overtime pay. From 2025 through 2028, single ...
Around 10% of people itemize their deductions now, and they are typically wealthier. The other 90% take the standard deduction, which expanded in the 2017 Trump tax cuts and will get bigger under the ...
The new tax law makes substantial changes for the 2025 tax year. Here are 6 new tax provisions that could help you save on ...
Sales tax exemptions for everything from newspapers to legal services to candy cost the commonwealth billions every year, and at least one top policymaker says he’s open to getting rid ...
For many, summer is a time for relaxation, fun, and adventure. But did you know that certain summertime activities might ...
CBS Detroit on MSN14h
No tax on tips: What workers should knowThe "no tax on tips" provision in the federal spending bill creates a new deduction for tipped workers, eliminating or decreasing what they owe in federal income tax. Tipped workers still have to pay ...
President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the ...
After the House of Representatives passed its “big beautiful bill" of goods, I went to dinner at a favorite restaurant in ...
Both the tips and overtime deductions phase out at higher incomes. The range is wide for tips—$150,000 to $400,000 for single ...
Asheville service workers concerned if new 'no tax on tips' law will be beneficial or be outweighed by stipulations and repercussions.
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