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The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...
It’s no surprise that restaurant servers, manicurists, rideshare drivers and dogwalkers are among the workers who won’t have to pay federal tax on their tip income for the next four years, according ...
NOTE: An earlier version of this story overestimated how much workers could save in federal taxes under President Donald Trump’s “big, beautiful bill” and did not apply progressive tax brackets. The ...
A "no tax on tips" proposal has broad support among politicians and Americans across party lines, though critics – including a restaurant trade group – warn the tax break could be costly and apply ...
There’s no question that President Trump’s proposal to stop taxing tips has broad appeal. It’s popular in polling, lawmakers in both parties support it, and now a version of the idea is on its way to ...
The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...
The budget bill approved by the House promises to benefit many food workers, but some details are still unclear. By Julia Moskin As a slogan in last year’s presidential campaign, “no tax on tips” was ...
The Senate unexpectedly passed the No Tax on Tips Act in a unanimous vote Tuesday, giving weight to the prospect of eliminating federal income tax on cash tips, which picked up political traction ...
The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing with the help of Democrats a top campaign promise of President Trump. Sen. Jacky Rosen (D-Nev.) brought the ...
President Donald Trump in late January reiterated his pledge to end taxes on tips during a Nevada rally, echoing a campaign promise he debuted while campaigning there. Speaking at the Circa resort and ...
President-elect Donald Trump campaigned on removing taxes on tips; many Democrats agree with the idea. Economists and tax experts say eliminating income tax on tips will not benefit most tipped ...