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IRS Finalizes ‘No Tax on Tips’ Rules Days Before April 15

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USA TODAY Network / Reuters

Just days before the April 15 tax deadline, the Internal Revenue Service issued final regulations and clarifications for jobs and situations that qualify for the so-called “no tax on tips” deduction. A preliminary list issued in September gave tax filers some earlier guidance on “no tax on tips” occupations. The list is a long one but so, too, is the list of reasons you might qualify — or not…

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The PlayStation 6 could ditch the built-in disc drive

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PlayStation logo on white background

The next generation of PlayStation consoles might not appeal to people who enjoy building physical game collections.

A hardware leaker known as KeplerL2 posted in the NeoGAF forums this week (via WCCF Tech), claiming that the still-unconfirmed PlayStation 6 will not have a disc drive built in.

In a reply to another user's inquiry, KeplerL2 also said the base PS6 would come with just 1TB of storage space on its internal SSD. For reference, that's exactly the same as most PS5 models. Typically, specs like that only get better over time, but it seems like Sony might make a lateral move at best for storage capacity this time around.

That's almost certainly because of the AI-driven global RAM shortage, which was recently rumored to potentially cause the PS6 to miss its intended late 2027 launch date. All things being equal, Sony might be inclined to put a 2TB drive in each base PS5, but that might not be feasible right now.

As for the lack of a disc drive, that's going to ruffle feathers for a multitude of reasons.

Yes, the PS5 has had a no-disc-drive variant since its launch in 2020, but Sony also sells a standalone attachable disc drive unit in case users want one. Obviously, Sony could do the same with the PS6, but we don't know that yet. And while a large majority of video game sales happen in digital marketplaces as opposed to physical retail stores, plenty of people still like to own their games, whether it's out of concern for digital storefronts eventually shutting down, or just to build a nice collection of physical media. And, of course, sometimes you get good discounts on used games.

Needless to say, if this is true, it will be controversial.

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‘Spray and Pray’ Is the New Go-To for Job Seekers (and Employers Are to Blame)

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Young woman looking concerned at her laptopWorranan Junhom / Shutterstock.com

Monster’s latest Job Application Behavior Report found that 48% of job seekers say they frequently or regularly apply to many roles quickly rather than focusing on a smaller number of opportunities that closely match their skills. But this isn’t just a numbers game driven by impatience. The job application statistics from this report reveal deeper trends shaping how people search for work and…

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5 Ways Inflation and Taxes Are Quietly Cutting a $250,000 Retirement in Half

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Worried retired couple stressed over financial documentsfizkes / Shutterstock.com

In 45 years in personal finance — as a CPA, a Wall Street investment advisor, and a two-time Emmy-winning financial journalist — I’ve seen thousands of retirement portfolios, as well as what protected them, what didn’t, and what most financial advisors consistently fail to discuss with clients who are within 10 years of retirement. This article covers five of those risks. None of them are exotic.

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