The Senate has unanimously passed the No Tax on Tips Act, which aims to exempt up to $25,000 in tipped income from federal taxes for millions of service workers. This legislation, a key promise of President Trump, moves to the House where it is expected to receive broad support. While many workers and professionals such as bartenders and delivery drivers stand to benefit, the bill has generated mixed reactions among economists and labor advocates regarding its long-term impacts. This proposal is gaining momentum as part of the ongoing 2024 campaign.
Millions of American service workers, from bartenders to delivery drivers, are one step closer to keeping their tips tax-free with the recently passed No Tax on Tips Act.
The No Tax on Tips Act would exempt up to $25,000 in tips from federal income taxes, marking a significant change for service workers in the U.S.
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