Under the One Big Beautiful Bill Act (OBBBA), for tax years 2025-2028, eligible individuals can claim deductions for qualified tips. The IRS recently issued final regulations that clarify what ...
On July 4, 2025, President Trump signed into law the legislation commonly referred to as the “One Big Beautiful Bill Act” (the OBBBA). This information memorandum addresses the OBBBA’s enacted ...
See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Under the new One Big Beautiful Bill Act (OBBB), which was signed into ...
New 1099-K rules: For 2026, eBay will issue a 1099-K if gross payments hit $2,500, with no transaction minimum, meaning more casual sellers will receive tax forms. Hobby vs. business: The IRS ...
From new limits for Forms 1099 to new deductions for tips and overtime beginning in 2025, here’s what gig workers need to know about taxes this filing season. This voice experience is generated by AI.
Freelancers and gig workers face unique tax challenges — from tracking multiple 1099s to paying both income and self-employment taxes. Knowing how to file Schedule C, claim all eligible deductions, ...