#tip-deduction

[ follow ]
#irs-regulations #labor-wages #tax-fairness #eligibility #specified-service-trade-or-business-sstb
US politics
fromThe Mercury News
2 weeks ago

Why 'no tax on tips' may have limited benefits for California workers

A new federal tip deduction allows up to $25,000 off tip income for many workers but offers limited benefit and raises complexity and fairness concerns.
US politics
fromFast Company
1 month ago

Who qualifies for the Treasury's 'no tax on tips?' The answer is complicated

Tip deduction allows regularly tipped workers to deduct up to $25,000 of qualified tips, but many occupations, especially SSTBs, may be ineligible.
[ Load more ]