The Southern Maryland Chronicle on MSN

IRS Eases Tip, Overtime Reporting Rules for 2025

The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...
A new form with the Internal Revenue Service would allow taxpayers to claim deductions on cash tips they’ve earned throughout the year. The deduction was promised by President Donald Trump during his ...
The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...