Tip Income

2 articles

A confused gig worker, possibly a delivery driver, reviewing complex IRS tax forms on a tablet, with a blurred urban backdrop, symbolizing the impact of new tax law revisions.

IRS Revises 'No Tax on Tips' Law, Affecting Gig Worker Deductions

The IRS has revised its 'No Tax on Tips' law guidance, changing how self-employed workers calculate a key deduction. This update impacts gig economy professionals and small businesses during the current tax season.

Jenna Wallace·March 31, 2026

Diverse small business owners and gig workers reviewing tax documents, symbolizing the impact of the new 'No Tax on Tips' law on their earnings and business strategies.

Entrepreneurship

New 'No Tax on Tips' Law Impacts Small Business and Gig Economy Pay

The new 'No Tax on Tips' provision significantly alters how millions of workers' earnings are taxed, offering a substantial deduction on tip income. This change impacts small businesses and the gig economy, presenting new considerations for compensation and business strategy.

Jenna Wallace·March 30, 2026