Tipped workers will be able to deduct up to $25,000 in tips from their taxable income beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

Adding to the squeeze on TIPS ETFs is a sudden surge in real yields, led by Moody’s Ratings downgrade of the U.S. sovereign credit rating from Aaa to Aa1. On Monday afternoon, the 10-year Treasury ...