Welcome to Our Blog

Kevin McKernan Kevin McKernan

Can Self-Employed Individuals Claim the Tips Deduction?

Can self-employed individuals claim the new tips deduction? Learn how the up to $25,000 no-tax-on-tips deduction works, income limits, what qualifies as a “voluntary tip,” and why only tips reported on Forms 1099-NEC, 1099-MISC, or 1099-K count. Explore eligible industries and what freelancers must know to maximize this tax benefit.

Read More