Treasury Issues Official Guidance On “No Tax On Tips”—Who’s In And Who’s Out?

ForbesFriday, September 19, 2025 at 1:00:44 PM
Treasury Issues Official Guidance On “No Tax On Tips”—Who’s In And Who’s Out?
The Treasury has announced that starting in 2025, tipped workers will be able to deduct up to $25,000 in tips, a significant financial relief for many in the service industry. This new guidance aims to clarify the rules surrounding this deduction, ensuring that workers can benefit from their hard-earned tips without confusion. This change is important as it recognizes the contributions of tipped workers and provides them with a fairer tax treatment, potentially improving their financial stability.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Want to Buy an RV? Follow These Steps
PositiveFinancial Markets
Thinking about buying an RV? This article provides essential tips to help you find the perfect vehicle that fits your needs and budget. With the rise in popularity of RV travel, knowing how to navigate the buying process can make all the difference in ensuring you make a smart investment.
IRS Debt Forgiveness: How It Works and What You Need to Know
PositiveFinancial Markets
The IRS has introduced a new debt forgiveness program that aims to alleviate the financial burden on taxpayers struggling with unpaid taxes. This initiative is significant as it provides a pathway for individuals to regain their financial footing and avoid the stress of tax-related debts. By understanding how this program works, taxpayers can take advantage of the opportunity to clear their debts and improve their financial health.
Stock Market Today: Dow Rises After Fed Signals More Rate Cuts; Intel Surges on Nvidia Deal
PositiveFinancial Markets
Today, the stock market saw a positive shift as the Dow Jones Industrial Average rose following signals from the Federal Reserve indicating potential rate cuts. This news is significant as it can lead to increased consumer spending and investment. Additionally, Intel's stock surged after Nvidia announced a $5 billion investment in the company, highlighting a strong partnership that could enhance innovation in the tech sector.
UK to auction £4.75 billion of treasury gilt at 4⅜% yield
PositiveFinancial Markets
The UK government is set to auction £4.75 billion of treasury gilt at a yield of 4⅜%. This move is significant as it reflects the government's strategy to manage its debt and finance public spending. Investors are likely to be attracted by the competitive yield, which could indicate a healthy demand for government bonds. This auction not only helps in raising funds but also signals confidence in the UK economy, making it an important event for both investors and policymakers.
Latest from Financial Markets
Michael Froman on the New ‘Polyamorous’ Global Trading System
PositiveFinancial Markets
Michael Froman discusses the evolving landscape of global trade, highlighting a new 'polyamorous' approach that embraces multiple partnerships and collaborations. This shift is significant as it reflects the complexities of modern economies and the need for nations to adapt to changing dynamics. By fostering diverse trade relationships, countries can enhance their economic resilience and create more opportunities for growth.
Australia’s Optus vows to cooperate with probes amid outrage over emergency call services outage
NegativeFinancial Markets
Australia's Optus is facing significant backlash following a major outage of its emergency call services, prompting the company to pledge cooperation with ongoing investigations. This incident raises serious concerns about the reliability of telecommunications during critical situations, highlighting the importance of robust infrastructure and accountability in the sector.
EV maker Polestar recalls over 27,000 US vehicles due to rearview camera issue, NHTSA says
NegativeFinancial Markets
Polestar, the electric vehicle manufacturer, has announced a recall of over 27,000 vehicles in the US due to a rearview camera issue, as reported by the National Highway Traffic Safety Administration (NHTSA). This recall is significant as it highlights ongoing safety concerns in the EV industry, emphasizing the importance of reliable safety features in vehicles. Consumers need to be aware of such recalls to ensure their safety on the road.
AI-picked stocks now up 150%+; an 111% outperformance vs. the S&P 500
PositiveFinancial Markets
AI-selected stocks have surged over 150%, significantly outperforming the S&P 500 by 111%. This remarkable performance highlights the growing influence of artificial intelligence in investment strategies, showcasing its potential to identify lucrative opportunities in the market. As investors increasingly turn to AI for guidance, this trend could reshape how portfolios are managed and lead to more informed decision-making.
Is Kering’s rebound just another yo-yo trade? Bernstein weighs in
NeutralFinancial Markets
Kering's recent performance has sparked discussions about whether its rebound is sustainable or just a temporary fluctuation. Bernstein analysts have weighed in, suggesting that while there are positive indicators, investors should remain cautious. This matters because Kering is a major player in the luxury goods market, and its stock movements can influence broader market trends.
ECB Needs December Cut to Safely Reach 2% Inflation, Simkus Says
PositiveFinancial Markets
Governing Council member Gediminas Simkus has emphasized the importance of the European Central Bank lowering interest rates in December to maintain a healthy balance between inflation and economic growth. This move could help ensure that inflation remains around the target of 2%, which is crucial for economic stability in the Eurozone.