Secure Your Chances of Getting the New Tip Tax Break With This Expert's Advice [Yahoo! Finance]
H&R Block, Inc. (HRB)
Last h&r block, inc. earnings: 3/5 04:15 pm
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Source: Yahoo! Finance
However, you'll have to calculate the deduction yourself. Workers who received gratuities in 2025 should begin collecting the records now to ensure they can take full advantage of a new tax break. The new tax deduction on tips is part of the " One Big, Beautiful Bill " Act. Workers can subtract up to $25,000 of the tips they earned in 2025 from their taxable income with this break. This means they will pay less in taxes when they file in April. According to IRS rules, if you receive tips, you must keep a record of them. If you earn more than $20 a month in tips, you have to report your tips to your employer by the 10th of the month after the month you received them. You must also report what you earned in tips to the IRS on your annual tax return . The IRS has stated that 2025 W-2s will not reflect the new tip deduction, and employers will not be required to provide the total amount of tips their workers received in 2025. That means to take advantage of the new deduction, you
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HRB
News
- To Get This New Tax Deduction, You Must Calculate Your Overtime Pay—Here's How [Yahoo! Finance]Yahoo! Finance
- How Financial Services Brands Can Support Consumers During Important Life Events [Forbes]Forbes
- Download Your Tax Software Early and Save With H&R Block's Cyber Monday Sale [CNET News]CNET News
- H&R Block: High Yield, High Uncertainty In An AI-Driven Future [Seeking Alpha]Seeking Alpha
- H&R Block (HRB): Evaluating the Valuation After a Recent Drop in Share Price [Yahoo! Finance]Yahoo! Finance
HRB
Earnings
- 11/6/25 - Beat
HRB
Sec Filings
- 11/20/25 - Form 4
- 11/19/25 - Form 144
- 11/14/25 - Form 4
- HRB's page on the SEC website