Social Security benefits were tax-free, but changes now mean retirees with higher incomes may face taxes on their benefits.

The U.S. Senate has unanimously approved the No Tax on Tips Act, aiming to eliminate federal income tax on cash tips. While this sounds promising for millions of tipped workers, not everyone will qualify.

Immigrant tax filers face a harsher tax code than citizens in some important respects. Sweeping tax legislation recently passed by the House of Representatives would apply new or stricter limits for immigrant tax filers to 10 additional areas of the tax code.

The legislation says by excluding bonuses from taxable income, it will align “with broader efforts to improve military compensation and retention.” In addition, it will build on “existing tax exclusions for certain military benefits and responds to long-standing concerns raised by troops” and their families.

Ohio workers could avoid state and local taxes on their tips under a bill introduced by a Republican lawmaker.

The U.S. Senate unanimously passed the "No Tax on Tips Act," a bill that would create a tax deduction on tips worth up to $25,000. What happens next?