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The legislation has implications for those who give gratuities and those who pocket them, with the potential to leave both ...
What are the pros and cons of the No Tax on Tips billion and what do you need to know before it goes into effect.
The budget bill approved by the House promises to benefit many food workers, but some details are still unclear.
On Tuesday, the U.S. Senate unanimously passed the No Tax on Tips Act, which could have wide-ranging consequences for the ...
Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.
Nixing income taxes was one of President Donald Trump's top policy promises during his 2024 election campaign.
Nev., called up the bipartisan bill for immediate passage, and no senator objected. The measure now goes to the House.
The Senate passed the No Tax on Tips Act, a key element of Trump's tax cut plan, with bipartisan support despite concerns over its $10 billion annual price tag.