Tipped workers in the U.S. are set to benefit from a new tax law allowing them to deduct $25,000 in tips from their taxable income. This major change, part of the One Big Beautiful Bill Act, could lead to significant tax refunds for many workers.
The acting commissioner of the IRS, Doug O'Donnell, is set to retire amidst a period of turmoil marked by layoffs, political tensions, and technological modernization efforts. Find out the impact on taxpayers and the agency's future.
