The tip must be voluntarily given, so mandatory tips or auto-gratuities would not qualify for the “no tax on tips” benefit.

People working in an occupation on an approved list who receive qualified tips would be eligible for the tax benefit.

Find out how these new deductions could reduce your tax bill and what you need to know to qualify before they expire.

Small business owners can file their state and federal tax returns quickly and accurately with the best tax filing software programs.