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What to know — and what isn’t known yet — about US tax deductions for tips and overtime pay

Summary by Readingeagle
By DEE-ANN DURBIN, AP Business Writer Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year. Related Articles Average long-term US mortgage rate rises to 6.72%, ending a five-week slide Snap, crackle, sale: Nutella maker Ferrero plans to buy WK Kellogg for $3 billion Is Outlook down? Thousands of users report…

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The reduced tax on tips applies to all workers employed at accommodation facilities and in food and drink administration exercises, even if not in the case of...

·Milan, Italy
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What to know — and what isn’t known yet — about US tax deductions for tips and overtime pay

·Chicago, United States
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  • 73% of the sources are Center
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Washington Times broke the news in United States on Thursday, July 10, 2025.
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