

Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025
IR-2025-114, Nov. 21, 2025 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued guidance for workers eligible to claim the deduction for tips and for overtime compensation for tax year 2025. Notice 2025-69 PDF clarifies for workers how to determine the amount of their deduction without receiving a separate accounting from their employer for cash tips or qualified overtime on information returns such as Form W-2 or Form 1099, as those fo


Plastic Bag Tax Effective in Richmond City on Jan. 1, 2026
Starting January 1, 2026, Richmond City will require retailers to collect a 5-cent tax for each disposable plastic bag they provide customers, joining the following localities: Albemarle County Alexandria City Arlington County Charlottesville City Fairfax City Fairfax County Falls Church City Fredericksburg City Loudoun County Roanoke City The tax does not apply to restaurants, food banks, farmers markets, or clothing stores. It also does not apply to: Durable p


