US politicsfromFortune1 month agoNo tax on tips and overtime explained: What workers can expectNew tax law eliminates taxes on tips and overtime pay for certain workers, potentially benefiting those with higher earnings.
US politicsfromFast Company1 month ago'No Tax on Tips' is now the law: What workers should know about timeline, how paychecks will be impactedThe "No Tax on Tips" provision allows eligible tipped workers to deduct a portion of their income from tips on their federal income taxes.
fromwww.npr.org1 month agoCongress passed no tax on tips in Trump's 'big, beautiful bill.' Here's how it worksAfter the provision goes into effect, workers will be able to deduct $25,000 in tips annually from their taxable income. After that, tips will be federally taxed.US news
US politicsfromNew York Post3 months agoSenate unanimously approves $25,000 tax break for tipped workersThe US Senate passed a bill to offer a tax deduction on tips, including business tax credits for payroll taxes on tips in beauty services.