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The "Big Beautiful Bill" did not actually eliminate taxes on tips, overtime, or Social Security, but many people will be able ...
Under the bill Trump signed into law on July 4, the U.S. Treasury Department must publish a list by Oct. 2 of occupations ...
Asheville service workers concerned if new 'no tax on tips' law will be beneficial or be outweighed by stipulations and ...
The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...
The IRS will provide transitional relief for taxpayers who want to benefit from the “no tax on tips” and “no tax on overtime” breaks in President Donald Trump’s new tax law, the agency said in a ...
Servers like Shey Newman at Katie’s Restaurant could save thousands yearly under the new law exempting up to $25,000 in tips ...
Labor advocates say President Trump’s big promise to end tax on tips has morphed into a more complicated policy reality, and lower-income workers may be left out.
How does "no tax on tips" work? The "no tax on tips" provision in the spending bill creates a new deduction for tipped workers, eliminating what they owe in federal income tax.
The "no tax on tips" provision within the Senate version of the One Big Beautiful Bill Act allows tipped workers to deduct tip income from their federal taxable income, up to $25,000 annually.