The IRS recently changed tip deduction rules for self-employed individuals. If you filed early, learn how to amend your tax return.

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on the new tax deduction ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

The IRS has published filing instructions for taxpayers to claim no tax on tips, overtime, and other deductions. The One, Big, Beautiful Bill Act (OBBBA), includes provisions for no tax on tips and ...

If you earn tips at work, you may be able to deduct up to $25,000 of qualified tips on your federal income tax return. The tip deduction is gradually phased out – potentially to $0 – if your modified ...

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What ...