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.

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

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.

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 ...

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 ...

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

WASHINGTON (AP) — The Treasury Department is moving closer to making President Donald Trump’s “ no tax on tips ” promise a reality. But new guidance released Friday tends to limit the number of tipped ...

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 ...