The average fee for preparing Form 1040 with Schedule A to itemize personal deductions, and a state income tax return, was a flat fee of $323. The average fee for Form 1040 with the standard deduction, plus a state income tax return, was $220.

The sweeping Big Beautiful Bill passed this July includes several household-level tax changes that could reshape how many working-class Americans manage their money. Among them: a win for service workers who earn tips or log extra hours,

There are three separate bills that would make tips tax-free. Here's the differences between the no tax on tips bills and what tipped workers think.

President Donald Trump’s promise to eliminate taxes on tips may sound like a windfall for service workers — but the fine print in Congress’ latest tax bill tells a more complex story. Back ...

Extra fees with every swipe on taxes and tips will be washed away this summer under new regulations in Illinois.

The new fee, which will roll out in 2026 to raise funds for tourism infrastructure, is not a nationwide mandate, but two popular places have already opted in.

How ‘No Tax on Tips’ Will Affect Waiters, Drivers and Diners The budget bill approved by the House promises to benefit many food workers, but some details are still unclear.

For example, clients might pay a portion of investment managers’ fees as discretionary “tips,” letting the clients share in their managers’ tax savings through lower total fees.

Illinois lawmakers delayed the implementation of a bill eliminating credit card fees on tips and taxes until July 2026. The bill, originally slated to take effect this July, aims to prevent ...

Polling suggests no taxes on tips is a popular idea across party lines, but critics say the proposal will benefit few lower-income workers.

Tax Day is Tuesday. Are you ready? Tips for late filers If not, here are pointers from a San Diego finance professional and the IRS to help you minimize the chance of errors, maximize your ...