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The Internal Revenue Service and the Treasury has issued guidance for taxpayers to claim the deductions for tips and for overtime pay from the One Big Beautiful Bill Act.The two deductions were among the most widely touted provisions of the act, and had been among President Trump’s most frequently cited campaign promises in 2024.Since the IRS has not changed Forms W-2 and 1099, which would have reported workers’ cash tips and overtime amounts, Notice 2025-69 explains how they figure out the amount of their deduction for each.In addition, the notice provide transition relief for those who get tips as part of…

The Nidec Corp.’s ‘Nidec Park’ complex in Kyoto, Japan.Fred Mery/Bloomberg Nidec Corp. shares fell for seven consecutive trading days as an ongoing accounting probe further chipped away at the Japanese company’s creditworthiness with another downgrade by Moody’s Ratings.The stock dropped as much as 4.6% on Friday after Moody’s lowered its issuer rating two notches to Baa3 from Baa1 and kept the world’s biggest manufacturer of mini motors on review for a possible further downgrade. The rating company had already lowered from A3 to Baa1 in late October.The stock has fallen 40% since the company announced a third-party investigation into cases…

Did you hire the right talent? For HR pro Rachel Lockett, it comes down to one question.Lockett worked as an HR leader at major tech companies, including Stripe and Pinterest, before founding her own executive coaching consultancy. On a recent episode of “Lenny’s Podcast,” Lockett gave a peek behind the curtain for her talent strategy.It’s difficult for managers to accept that their talent is underperforming, Lockett said. She suggests asking: “Would you enthusiastically rehire this person for the same role?”Lockett always asked that question at Stripe, she said.”When the answer is no to that, no matter how many difficult conversations…

A barrier to enrollment for a key student-loan repayment plan could soon be gone.The Department of Education said in updated guidance posted to Federal Student Aid’s website that it’s moving forward with implementing some student-loan repayment provisions in President Donald Trump’s “big beautiful” spending legislation.The latest update pertains to the eligibility requirements for income-based repayment plans. Prior to Trump’s spending legislation, IBR plans, which give borrowers monthly payments based on their incomes with forgiveness after 20 or 25 years, had to demonstrate partial financial hardship. It required that a borrower’s monthly payment based on their income is less than the…

Lindsey Halligan, at the time special assistant to the president, fixes an earring at the end of an interview outside of the White House in August 2025, in Washington. Jacquelyn Martin/AP hide caption toggle caption Jacquelyn Martin/AP A federal judge on Monday dismissed the Justice Department’s criminal cases against former FBI Director James Comey and New York Attorney General Letitia James, finding that the acting U.S. attorney who secured the indictments against the two prominent critics of President Trump was unlawfully appointed. The decision from U.S. District Judge Cameron McGowan Currie on the appointment of Lindsey Halligan as the top…

An Obamacare sign is displayed outside an insurance agency on Nov. 12, 2025 in Miami, Florida. Joe Raedle | Getty ImagesWith enhanced Obamacare tax credits set to expire at the end of the year, Republicans are proposing new alternatives aimed at lowering the cost of health care. Their window for doing so is rapidly closing — and leaving middle-class Americans uncertain in the balance. The White House is expected to make an announcement this week addressing efforts to either renew or replace the Affordable Care Act enhanced premium tax credits, according to Treasury Secretary Scott Bessent. “We believe health care’s…

The job market is a competitive and rapidly evolving environment. Hiring managers can bog down wondering how to hire employees who will thrive when there are hundreds of free job posting sites bursting with résumés.By using ZipRecruiter’s AI-assisted hiring tools, you can rapidly identify a select number of promising potential hires. That saves time versus painstakingly examining all the applications you receive whenever you post jobs — time you can devote to a comprehensive hiring process, weighing current suitability and growth potential.And what’s more, ZipRecruiter helps you hone the process of finding these prospects.AI-matching technology helps you connect to promising…

New York Gov. Kathy Hochul signed a bill into law that will create an additional pathway to CPA licensure — marking the latest state to pass changes to licensure requirements.Backed by the New York State Society of CPAs, the legislation creates a third pathway to licensure: 120 credit-hours (or what is equivalent to a bachelor’s degree), two years of experience and passing the CPA exam. It also ensures practice mobility so out-of-state accountants can serve clients in New York. New York Gov. Kathy HochulStephanie Keith/Bloomberg “The Governor has officially signed the 120-credit-hour CPA pathway into law, giving future CPAs an…

Gen Z is graduating into a labor market reshaped by AI pilots, hiring freezes, and jittery managers.That doesn’t mean a jobs cliff is imminent, said James Ransom, a research fellow at University College London, who studies the impact of AI on work.But it does mean the rules of entry into the job market are changing fast — and the smartest move isn’t to chase prestigious titles, he said, but to understand the tasks inside those jobs, then show how you can supervise and scale AI to do them more effectively.”I do think in the short term there’s a potential productivity…

What actually makes a video go viral?Jay Neo, the 21-year-old self-described “content nerd” who formerly worked for YouTube’s most-followed creator, MrBeast, has been obsessed with finding the answer to that question since he was a teenager.Neo spent his teen years running Discord servers for games like Minecraft and making short-form video content.The key metric Neo had his eyes on was retention: Are people sticking around for the whole video? Or are they scrolling away?Neo said he meticulously studied each video’s retention graph to see where people were dropping off. Understanding how and why someone might scroll past a video can…