<p>The federal &quot;no tax on tips&quot;&nbsp;policy&nbsp;allows workers who typically receive tips to receive up to a $25,000 tax deduction for certain gratuities until 2028.</p>


Business

LITIPS251221_video

No tax on tips: What it means for Long Islanders

Jericho

onecms:af9775d7-1d88-428b-b9e5-0cfe9a066e64

Newsday

'It's like an insurance policy'

no tips.00_00_10_21.Still001.jpg

no tios vert.00_00_12_00.Still001.jpg

Business Trending

Wallet Watch

People on the Move

Latest real estate news

Most Popular

Latest Videos

Latest videos

A tipster says he told the state about buried drums at Bethpage Community Park nearly a decade ago. Newsday's Ken Buffa reports.

Uncovering the truth about the chemical drums

A car sliced through the hedges and fence of a Huntington Station adult assisted living facility Sunday night, displacing 27 residents, police said. NewsdayTV's Virginia Huie has more.

Assisted living damaged; residents displaced

Three Long Island schools have been chosen for pilot programs designed to help the district phase out Regents exams. Newsday education reporter Dandan Zou has the details.

'How are we assessing students holistically?'

The Town of Oyster Bay and Northrop Grumman are locked in a dispute over the extent of the plan to clean up Bethpage Community Park. NewsdayTV's Virginia Huie reports.

'No reason for us to believe any area is safe unless tested'

The report identified over half a million hateful posts on X between January 2025 and June 2026, with monthly growth of 75%. NewsdayTV's Andrew Ehinger reports.

'It will damage the social fabric'

Sign up for the Daily Business newsletter

Business Newsletter Widget

The attorney general reached a settlement with investment firms that bought New York homeowners' debt.

Companies that bought 'zombie' mortgages must pay $482G

Business Article Bottom Module

Artificial intelligence giant Anthropic filed papers Monday for what could be the biggest initial public offering of stock ever even as its top executive warns that advanced AI could pose an existential threat to humanity.

Anthropic files for potentially the biggest IPO ever as CEO warns of risk to humanity from AI

U.S. stocks are climbing after oil prices eased back.

US stocks rise after oil prices give back some of their big gains

Some of the leading artificial intelligence companies are moving toward initial public offerings at eye-popping valuations.

AI companies are barreling toward huge Wall Street debuts. A look at the biggest players

Israelis are in the final hours of an intense election season amid reports of a clash between Prime Minister Benjamin Netanyahu and the Israeli military over Iran.

Opponents accuse Netanyahu of stoking tensions with Iran before Israel's election

Since launching the war with Iran nearly eight months ago, U.S. President Donald Trump has struggled to quell soaring energy costs, undermining Republicans' attempt to keep control of Congress in the midterm elections next week.

In his own words: Trump on gas prices and energy costs since launching the war with Iran

The discovery of five baby orangutans abandoned on a plantation in eastern India is highlighting the country's growing role as a destination for trafficked apes.

Baby orangutans in India expose illegal wildlife trade as experts question a billionaire's zoo

Business Video Playlist

Higher diesel costs, big-box competition and rainy weather are squeezing pumpkin farms as they look for new ways to draw customers. Newsday business reporter Tory Parrish has more.

'I think you're making a small investment for memories'

Nearly $1.2 billion in unclaimed funds is available across more than 5 million accounts on Long Island, according to the state comptroller's office. NewsdayTV's Andrew Ehinger reports.

$1.2B available across 5 million accounts on LI

Changes at the Lake Grove property will include new tenants, such as LongHorn Steakhouse and Coach. Newsday business reporter Tory Parrish has more.

New plaza, stores, games, 'park-like' setting coming to Smith Haven Mall

They cook, build, care for seniors and run businesses. What happens when these workers disappear? NewsdayTV's Shari Einhorn reports.

'We can expect negative repercussions'

Affordability concerns on Long Island leave some residents wondering if it's worth staying. NewsdayTV's Ken Buffa and Newsday business reporter Brianne Ledda have more.

'Yes, I would leave'

ScieGen Pharmaceuticals wants to build a 60,000-square-foot factory and warehouse in Hauppauge to meet consumer demand. NewsdayTV's Virginia Huie reports.

'Very important for us'

Housing advocates and local officials were set to break ground on Thursday on a building with 52 affordable apartments slated to replace blighted commercial buildings on Port Jefferson's Main Street. NewsdayTV's Andrew Ehinger reports.

Port Jefferson entering new phase of revitalization

Bonsai tree-making classes, trivia nights, mocktails and private events are among the ways local venues are trying to draw customers. Newsday business reporter Tory Parrish has more.

'We have a lot of different things going on'

Some East End businesses already house workers priced out of the area. Now East Hampton is weighing rules that could expand the model — and the debate over tying housing to a job. NewsdayTV's Andrew Ehinger reports.

'It's something I felt we had to do'

If the deal goes through, Giunta's Meat Farms will also acquire four Wild by Nature natural food stores. NewsdayTV's Ken Buffa reports.

Giunta's Meat Farms acquiring 24 King Kullen stores

Fake listings, bogus fees and stolen data target renters squeezed by Long Island's high housing costs. NewsdayTV's Virginia Huie reports.

'It's been a nightmare'

The price of childcare can be prohibitive for many Long Island parents. NewsdayTV's Andrew Ehinger reports along with NewsdayTV's Ken Buffa, Newsday business reporter Victor Ocasio and daycare owner Janna Rodriguez.

'Probably as much as rent or mortgage'

NEWSDAY TV SHORTS

Vertical videos

Nassau and Suffolk counties have implemented a combined $57 million in technology upgrades to streamline the voting process.

New voting machines at Long Island polling places

Liberty Water has applied to raise rates in three of the areas it serves on Long Island. NewsdayTV's Andrew Ehinger reports.

Liberty seeks water rate hikes of $21-$28 a month for some Nassau customers

Make the jump to light speed on this week's LI Works. NewsdayTV's Ken Buffa meets with a member of The 501st Legion, Empire City Garrison.

LI Works: Explore the dark side of the Force with Ken

Anti-South Asian rhetoric surging on some social media platforms, report says

NewsdayTV's Doug Geed goes inside Critterville Farm Sanctuary to meet the rescued animals finding a second chance and the local passion that keeps it all going.

Out East: Critterville in Riverhead

NewsdayTV's Macy Egeland talks to Andrea McCade, founder of The Social Mom Club LI, about how new moms can connect with others.

Working Moms: Making mom friends

NewsdayTV's Ken Buffa visits Co-Owner, Dough & Co. Pizza to try the Apple Bay Pizza, which is exclusive to their Oyster Bay location.

Trendy Bites: An apple pie ... pizza?

Video of two Suffolk police officers joining a group of teens playing soccer goes viral. NewsdayTV's Shari Einhorn has more.

Chance encounter turns into viral video

High school athletes striving to play sports in college might want to look at niche sports that give them a better chance. NewsdayTV's Jared Valluzzi reports.

Niche sports might get you a leg up to play at college level

NewsdayTV's Carissa Kellman explores the historic and festive charm of Sleepy Hollow during a fall day trip.

A hauntingly good time in Sleepy Hollow

<a href="https://www.newsday.com/video/newsdaytv-top-stories">Get more on these and other NewsdayTV stories</a>

Newsday TV

NewsdayTV Top Item

Dozens displaced after car crashes into assisted living facility ... Expanded search for toxins at Bethpage park ... Hofstra adding diving teams ... What to know about early voting

Dozens displaced after car crashes into assisted living facility ... Expanded search for toxins at Bethpage park ... Hofstra adding diving teams

App Nativo Ad Unit Slot

Business - megaslot

Keep up with Long Island and national business news, including complete coverage of local companies, technology updates, stock market changes and more.

Stay logged in.