Latest news with #tips
Daily Mail
a day ago
- Sport
- Daily Mail
Robin Goodfellow's racing tips: Best bets for Saturday, June 28
Mail Sport's racing expert Robin Goodfellow delivers his tips for Saturday's meetings at Windsor, Chester, Newcastle, Curragh, York, Lingfield and Doncaster. Windsor Robin Goodfellow 1.35 Mount Of Gold 2.15 Amorim 2.50 Magic Star 3.25 Andaleep 4.00 Dutch Finale 4.35 Moonlit Cloud 5.10 Lequinto Gimcrack 1.35 Clipsham Noble 2.15 Amorim 2.50 Antrim 3.25 Andaleep 4.00 The Flying Seagull 4.35 Luisa 5.10 Coolagh Magic Chester Robin Goodfellow 2.00 Angel Of Anfield 2.30 Circios 3.05 Dream Composer 3.35 Oman 4.10 Catalyse 4.45 Curran 5.20 Liberate Gimcrack 2.00 Angel Of Anfield 2.30 Mister Winston 3.05 Solar Aclaim 3.35 Ghaiyya 4.10 Catalyse 4.45 Marbuzet 5.20 Patagonia Girl Newcastle Robin Goodfellow 1.40 Pocklington (nb) 2.10 Spycatcher 2.40 Artisan Dancer 3.15 Golden Rules 3.45 Native Warrior 4.25 Sands Of Spain 5.00 Golden Flame 5.30 Damascus Steel Gimcrack 1.40 Drama 2.10 SPYCATCHER (nap) 2.40 Godsend 3.15 Zanndabad 3.45 Native Warrior 4.25 Ninth Crusade 5.00 Lenny's Spirit 5.30 Secret Rock NEWMARKET – 2.40 Godsend (nb). Curragh Robin Goodfellow 3.30 Whirl Gimcrack 3.30 Kalpana York Robin Goodfellow 1.55 Archivist 2.25 Nostrum 3.00 HABOOBA (nap) 3.40 Hankelow 4.15 Heathen 4.50 Topwarrior 5.25 Glistening Nights Gimcrack 1.55 Archivist 2.25 Formal (nb) 3.00 Regal Envoy 3.40 Brotherhood Of Man 4.15 Gravitas 4.50 Lord Roxby 5.25 Westernesse NEWMARKET – 3.40 COMMANDING OFFICER (nap) NORTHERNER – 3.00 JM JUNGLE (nap); 4.15 Gravitas (nb). Lingfield Robin Goodfellow 5.35 Irezumi 6.10 Tasmanian Legend 6.45 Hot Dancer 7.15 Mad Unicorn 7.45 Desdemona 8.15 Claim That Smile 8.45 Sabrimento Gimcrack 5.35 Pigeon House 6.10 Voix De Bocelli 6.45 Hot Dancer 7.15 India Love 7.45 The Coffee Pod 8.15 Claim That Smile 8.45 Sabrimento Doncaster Robin Goodfellow 5.50 Many A Star 6.25 Secret Sonata 7.00 Mister Invincible 7.30 Flying Macs 8.00 Riot 8.30 Thankyou Baroness 9.00 Charencey Gimcrack 5.50 Jungle Land 6.25 Shavkat 7.00 Zappata 7.30 Besondere 8.00 Daring Legend 8.30 Stellarmasterpiece 9.00 Hale End
Yahoo
2 days ago
- Business
- Yahoo
No tax on tips and overtime: What workers should know and who stands to see their taxes shrink
There are plenty of provisions in the massive tax bill known as the One Big Beautiful Bill Act that lawmakers are hotly contesting as Republicans rush to finalize the bill by their self-imposed July 4 deadline. But one tax law change that — until recently — seemed to have broad, bipartisan support is the proposal to eradicate taxes on tips. The problem is, that provision — at least, as it's been proposed both in the huge tax bill as well as in a standalone act that quickly passed the Senate with bipartisan support — wouldn't help all that many workers. And, truth be told, even that provision isn't a slam dunk, as some Republicans have said it's a pricey outlay with little prospect of sparking the economic growth they like to see from tax cuts. Also part of the major tax bill is a proposal to remove taxes on overtime pay, although the House and Senate aren't currently in sync on whether the tax break should be capped or not. Here's how the Senate bill compares to the House bill on each of these two provisions. Senate version House version Type of tax break Tax deduction Tax deduction Value of tax break Up to $25,000 No cap Income limits Tax break decreases by $100 for every $1,000 of modified adjusted gross income above:$150,000 (all other filers); $300,000 (married filing jointly) Tax break unavailable at modified adjusted gross income above:$160,000 (all filers) Senate version House version Type of tax break Tax deduction Tax deduction Value of tax break $12,500 (all other filers); $25,000 (married filing jointly) No cap Income limits Tax break decreases by $100 for every $1,000 of modified adjusted gross income above:$150,000 (all other filers); $300,000 (married filing jointly) Tax break unavailable at income above:$160,000 (all filers) Under current law, a worker must pay federal income tax and payroll taxes on tip income, just as they do on regular wages. Employees are required to report monthly tips exceeding $20 to their employers, who must then withhold income and FICA taxes and report the amount to the IRS. However, that could change if the big, beautiful bill becomes law. The Senate's current version would create a new deduction for qualified tip income, eliminating federal income taxes on up to $25,000 in tips for workers for tax years 2025 through 2028. The tax break would start to phase out for taxpayers with modified adjusted gross income (MAGI) of $150,000 ($300,000 if married filing jointly) — the value of the deduction would drop by $100 for every $1,000 of income above that amount. The House's version doesn't cap the dollar value of the tax break, but it would limit the tax break to taxpayers with MAGI of $160,000 or less. (Neither proposal affects payroll, or FICA, taxes.) 'An estimated four million individuals receive tip income. So those people could see a significant tax benefit,' says Mark Luscombe, principal tax analyst with Wolters Kluwer Tax & Accounting. 'The [proposed] deductions for tips are available to non-itemizers, so they can be claimed even if the taxpayer claims the standard deduction.' Workers would still need to report tip income and pay payroll taxes. While federal income tax would be withheld from paychecks, those amounts would be refunded when filing their income tax return. The tax break wouldn't apply only to employees. Some independent contractors and business owners could also qualify, provided their business gross receipts exceed business deductions, losses and costs, including the cost of goods sold. Get started: Match with an advisor who can help you achieve your financial goals While this provision could eliminate taxes on tip income for millions of Americans, only a fraction of taxpayers may see a meaningful benefit. A study by the nonpartisan Tax Policy Center found that households earning $33,000 or less wouldn't benefit much, as they typically owe little to no federal income tax. For all of these households (including those who don't earn tip income), after-tax income would rise by just $10 a year on average. Fully 40 percent of U.S. households that report tip income would not see any tax break from the proposal, according to the Tax Policy Center report. That means 60 percent of households that report having tip income would benefit (that translates to about 2 percent of all U.S. households enjoying this tax break), and their tax bills would drop by an average of $1,800 a year, according to the report. An average of $1,800 a year is not nothing. But that reward wouldn't go to the lowest-earning households. Of those households making less than $33,000 a year, just 1.4 percent of households would benefit, and for those households, their after-tax income would rise by $450 a year on average. Learn more: New 'bonus' tax deduction up to $6,000 could be on the way for those age 65 or older Employees who earn overtime may get a break on their federal taxes if the big bill becomes law. Under current law, employees must receive overtime pay — at least time and a half — for any hours worked beyond 40 in a workweek. 'There has been a trend toward less use of overtime pay; however, under the Biden administration, the salary threshold for employees eligible for overtime pay was significantly raised, currently at $58,656 and adjusted for inflation every three years,' Luscombe says. 'The House bill will require clear reporting of overtime pay by the employer to support the claimed deduction.' The proposed overtime tax break would function similarly to the tip income deduction. Overtime wages would still be subject to withholding, but workers could deduct federal income taxes paid on those wages when filing their returns, even if they don't itemize. The deduction would apply to tax years 2025 through 2028. The White House estimates that the average overtime worker would receive a tax cut of between $1,400 and $1,750 annually. But experts argue that the tax benefits wouldn't benefit those who earn lower levels of income. While some experts say workers who earn overtime and tip income would pay less taxes if the big bill becomes law, others warn the measure could increase the federal deficit and result in a significant loss of revenue. The Joint Committee on Taxation estimates that the tip provision would reduce federal revenues by $40 billion from fiscal years 2025 to 2034, with most of the impact concentrated between 2026 to 2029, when the deduction would be in effect. The Congressional Budget Office estimates exempting overtime pay would cost $124 billion through 2028. Some analysts also warn that eliminating taxes on overtime pay could disrupt the labor market. The Tax Foundation, a nonprofit tax policy group, said removing income taxes on overtime could 'distort' the labor market by encouraging more workers to take overtime shifts, potentially making hourly roles more attractive than salaried positions that are exempt from overtime rules. 'Although the bill tries to restrict businesses not currently relying on tip income and overtime pay from seeking to take advantage of these proposed changes, it is still possible that there could be shifts toward tip income and more overtime pay to try to take advantage of the deductions,' Luscombe says. Learn more: These 9 states have no income tax — that doesn't always mean you'll save money Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Sun
2 days ago
- Sport
- The Sun
Horse racing tips: ‘He won this race two years ago off a similar mark' – Templegate's Friday NAP
TEMPLEGATE takes on Friday's action confident of building the bank for a decent weekend of action. Back a horse by clicking their odds below. VINTAGE CLARETS (7.35 Newcastle, nap) Richard Fahey's flyer shaped like he was back in form at Epsom last time and won this race two seasons back from a similar mark. He has the high draw you so often need at this track over the sprint trips and being towards the rail can be a big help. There aren't many better apprentices around than Warren Fentiman and he takes a very handy 5lb off his back. NOVELLO LAD (3.55 Doncaster, nb). Oisin Murphy takes over in the saddle and he has won three of last four rides for canny trainer Paul Midgley. This four-year-old was just denied over this track and trip last time when hitting a bit of traffic and can go one better this time with conditions spot on again. DIAMOND RAIN (7.05 Newcastle, treble) Looks a sure thing for team Godolphin. She was a cut above her rivals in a Listed race last time and this doesn't look much trickier. Charlie Appleby didn't have the best of Royal Ascot's but his string continues to fly along in great nick. THE FEMININE URGE (2.00 Yarmouth, Lucky 15) She never had a chance at Wolves last time but was in flying form beforehand and this looks well within her radar. Templegate's tips DONCASTER 1.50 Pendragon 2.20 Favorite Memory 2.50 Bearwith 3.20 Displaying 3.55 Novello Lad (nb) 4.30 Alashos 5.05 Taygar CARTMEL 2.38 Sporting Glance 3.08 Reel Her In 3.43 Leading Force 4.18 Lermoos Legend 4.55 Wild Nephin 5.30 Winds Of Winter YARMOUTH 2.00 The Feminine Urge 2.30 Azleet 3.00 Captain Brett 3.33 Zafaan 4.08 Blue Rc 4.40 Blue Anthem 5.15 Black Falcon NEWCASTLE 4.45 Persian Phoenix 5.25 Warrior Mode 6.00 Excellent Believe 6.30 Starliner 7.05 Diamond Rain (treble) 7.35 Vintage Clarets (nap) 8.10 Pockley 8.40 Speeding Bullet NEWMARKET 5.40 Secret Oath 6.10 Abloom 6.40 Expressionless 7.15 French Haven 7.45 Earthwatch 8.20 Khaldiya 8.55 Sea Emily Run Commercial content notice: Taking one of the offers featured in this article may result in a payment to The Sun. You should be aware brands pay fees to appear in the highest placements on the page. 18+. T&Cs apply. Remember to gamble responsibly A responsible gambler is someone who:
Daily Mail
2 days ago
- Sport
- Daily Mail
Robin Goodfellow's racing tips: Best bets for Friday, June 27
Mail Sport's racing expert Robin Goodfellow delivers his tips for Friday's meetings at Newmarket, Doncaster, Yarmouth, Cartmel and Newmarket. Newcastle Robin Goodfellow 4.45 Made All 5.25 Estrella Divina 6.00 Champion Again Ole 6.30 Bear Kode 7.05 Diamond Rain 7.35 Paddy's Day 8.10 Newyorkstateofmind 8.40 Keldeo Gimcrack 4.45 Persian Phoenix 5.25 Warrior Mode 6.00 Excellent Believe 6.30 Starliner 7.05 DIAMOND RAIN (nap) 7.35 Paddy's Day 8.10 Miss Rainbow 8.40 Keldeo NORTHERNER - 6.30 Quiet Resolve (nb); 7.35 VINTAGE CLARETS (nap) Doncaster Robin Goodfellow 1.50 Pendragon 2.20 Favorite Memory 2.50 Casilli 3.20 Displaying 3.55 Novello Lad (nb) 4.30 Alashos 5.05 Minnesota Lad Gimcrack 1.50 Hi Ya Mal 2.20 Cloaks of Gold 2.50 Bearwith 3.20 Displaying 3.55 Novello Lad 4.30 Tropical Heat 5.05 Willolarupi Yarmouth Robin Goodfellow 2.00 ANGLE LAND (nap) 2.30 Blue Mountains 3.00 Belle Amie 3.33 My Friend Charles 4.08 Blue Rc 4.40 Regal Guest 5.15 Due Date Gimcrack 2.00 The Feminine Urge 2.30 Mehmas Air Force 3.00 Captain Brett 3.33 Cryptos Dream 4.08 Blue Rc 4.40 Blue Anthem 5.15 The Cola Brasil Cartmel Robin Goodfellow 2.38 Emlyn 3.08 Reel Her In 3.43 Fairlawn Flyer 4.18 Defence Witness 4.55 Sky Luna 5.30 Greenrock Abbey Gimcrack 2.38 Emlyn 3.08 Ocean Legacy 3.43 Fairlawn Flyer (nb) 4.18 Lermoos Legend 4.55 Wild Nephin 5.30 Greatness Awaits NORTHERNER - 3.43 Leading Force (nb); 5.30 GREENROCK ABBEY (nap) Newmarket Robin Goodfellow 5.40 Secret Oath 6.10 Azaniya 6.40 Crowd Quake 7.15 French Haven 7.45 Saxonia 8.20 Sixtgeesbaby 8.55 Jewel Of London Gimcrack 5.40 Secret Oath 6.10 Abloom 6.40 Meleri 7.15 Aim For The Moon 7.45 Saxonia 8.20 Sixtygeesbaby 8.55 Sea Emily Run
CNET
3 days ago
- CNET
I'm Preparing for My Summer Trip and I Swear by This Travel Prep Checklist
Spending time away from home and visiting new places is one of my favorite parts about traveling. Whether it's an hours-long road trip to visit friends or hopping a flight and spending time at the beach, planning my next trip always gets me excited. But the closer it gets, the more stressed out I become. Even though I travel often, I still get flustered thinking about how I'm going to fit everything I want to take in my suitcase or carry-on, how best to navigate TSA security lines and even how I need to prepare my home to spend several days away. I'm currently planning a 10-hour road trip to Florida and while I'm excited to see my loved ones and explore nature, I'm already feeling the pressure of undertaking such a big trip that requires two full days of driving one way. It's nothing I can't handle with a little preparation, though. I just need to take it step by step. To start this preparation journey, I compiled tips to make the whole travel process smoother, no matter if I'm booking a flight or gearing up for a road trip. Want more travel tips? Here are the best times to book plane tickets for cheap airfare and how to avoid having your flight canceled or delayed. Tips for easier flying Airports can be anxiety-inducing even during the best of times. From researching flight cancellations to packing strategically to maximize space in your suitcase, here are some necessary tips for easier, stress-free flying. Fold, roll and cube clothing You may have your own unique approach to packing clothes. Some people choose the folding method, others prefer rolling garments into tight logs and some choose to flatten their clothes into packing cubes. My suggestion is to combine these three methods. You can maximize space by folding your structured and bulkier clothes like jeans, trousers, formal dresses, jackets and coats. Then, roll up the rest of your clothes and fill the remaining spaces in your suitcase. To further compress your items, place some of the rolled clothes into packing cubes for added organization. It's also helpful to pack loose items like socks and underwear into these compressed packing cubes. Prepare for TSA If you're flying, consider getting TSA PreCheck or Global Entry to skip the long lines and for easier security screening. Whether you're a frequent flier with these perks or showing up for the standard TSA lines, keep your electronics in a convenient spot where you can take them out and put them back with ease. It's best practice to have your electronics in the top layer or outer pocket of your suitcase, or your allotted personal item. Otherwise, you'll have to dig around for your laptop, iPad, etc. stalling the line behind you in the process. Pack essentials in your carry-on When you check your suitcase, you run the risk of losing it. I haven't had this happen frequently but the one unfortunate time my checked suitcase was lost -- and I had to spend three days exploring London without my luggage -- I was thrilled that my essentials were still with me in my carry-on bags. Your carry-on or personal item is the optimal place for the essentials that would be most difficult to replace. This includes your wallet, contact lenses, eyeglasses, prescription medication, chargers, electronics or anything you would hate to not have for several days. Track your bags To give your luggage some extra protection from loss or theft, consider outfitting your carry-on and checked bags with tracking devices like Apple AirTags or Chipolo One Point Trackers. Leave wiggle room It's very likely that wherever you travel, you'll want to shop and bring back souvenirs. That means you need to take into account any extra space you might need for the trip back to avoid overweight bag fees. Tips for a stress-free road trip Driving comes with its own set of concerns. From preparing for flat tires to mapping out your route, here are some necessary tips for easier, stress-free road trips. Get your car serviced beforehand If you're hitting the road this holiday season, you should take your car for an inspection to make sure you don't have any issues on the route. Ask the mechanic to check the tires, car battery, brakes, fluids and wiper blades, or anything else that may concern you. It's best to do this several weeks in advance to make sure you have plenty of time to fix any issues or order any parts. Prepare for an emergency Roadside emergency kits are a must-have if you're traveling any significant distance. Some 30 million roadside assistance calls are made every year, according to AAA, so it's best to be prepared for any emergency. Plan your route Maybe this seems like a no-brainer, but it's imperative to know which roads you'll be taking on your drive. Not only will this keep you confident while driving, but you can note any road closures that may impact your route and adjust your plan accordingly. As another safety measure, I recommend taking a screenshot or printing directions if you're traveling in regions where cell service could become spotty. You should also take into account any hotels, gas stations and rest stops along the route in case you get tired or need a quick stop. How to prepare your home before your trip To ensure that you'll come back to find your home just as you left it, follow these safety and home-preparation tips. Unplug your electronics Not only can unplugging electronics lower your energy bill, but it will also reduce the risk of electrical fires. Before you depart, unplug your appliances, lamps, chargers, routers, computers and TVs for maximum safety. Lock your windows Triple-check all your doors and secure all windows before you head out of town. Consider purchasing a smart lock that can alert you when a window is unlocked and allow you to lock it remotely or a home security system to arm your home while away. Time your lights Leaving lights on to make it look like you're home can deter any potential burglars. Rather than leaving lights on all day and night, plug light timers into your outlets or install a remotely controllable smart bulb. Then you can set your indoor lights to turn on and off as they normally would, and set your outdoor lights to turn on at night. Safety is a priority for most families when they travel. To keep your home safe and secure while you're away, follow this home safety checklist to complete before going on vacation. Keep your plants alive You don't have to leave your house plants to die when you travel. You can fashion a drip system out of a plastic water bottle by filling it with water, drilling some holes toward the top and placing it into the plant soil. Read this guide for a full tutorial on how to keep plants alive while traveling. For more travel tips, check out CNET's picks for the best travel credit cards in 2025. You can also explore the 12 travel essentials you always need to pack and the worst airlines for flight delays and cancellations.
