The much-touted new tax breaks for tips, overtime, seniors and car loan interest have a lot of income tax filers expecting a big bump in their refunds this year – or a big cut in their tax bill.

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

New tax breaks for tips, overtime pay and car loans come with strict limits that could leave many Americans out this tax season.

The IRS has published filing instructions for the new Schedule 1-A and Form 1040 instructions for taxpayers to claim no tax ...

President Donald Trump’s visit to the Tri-State Wednesday put a spotlight on one of his signature legislative promises: no taxes on tips or overtime. Trump called a Newport bartender on stage, saying ...

The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications.

In a surprise move, the Senate unanimously passed the No Tax on Tips Act which would allow up to a $25,000 deduction for workers who typically receive tips as part of their compensation. In a surprise ...

Some of the biggest tax changes in years could hit your federal return right now. From untaxed tips and overtime to a new incentive for new-car buyers, to a bigger child tax credit, Consumer Reports ...

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.