If either the No Tax on Tips Act or the Big Beautiful Bill become law, they'd apply to 2025 income when workers file their tax returns in 2026. No taxes on tips from the Big Beautiful Bill would ...

Trump's 'no tax on tips' is getting close to the finish line. Here's how it will work. The Senate on July 1 narrowly approved Trump's tax bill, which includes a provision that would make the ...

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. Tipped workers still have to pay state and local ...

However, the IRS usually taxes that money. If tips are part of your pay, the federal tax agency treats every dollar you receive, whether left on the table in cash or added to a credit card receipt ...

Sen. Jacky Rosen (D-Nev.) brought the No Tax on Tips Act to the floor with the expectation that it would be blocked, but Sen. Ted Cruz (R-Texas), the sponsor of the bill, declined to do so.

It’s important to note that the tips exemption applies only to the federal income tax. Workers would still owe payroll taxes, like the 6.2 percent Social Security tax, on their tipped income.

Many service workers are eagerly awaiting no longer paying taxes on their tips. Yet the fine print in Republicans’ new law could limit savings for some waiters, bartenders and others. Among the ...

Republican vice presidential candidate Sen. JD Vance, R-Ohio, signs a check "no tax on tips!!" as he leaves $200 in cash for a gratuity at the Park Diner, in Waite Park, Minn., on July 28.

The House narrowly advanced the GOP plan for President Donald Trump ’s legislative agenda, kick-starting a process that could push forward Trump 's "no tax on tips" pledge and other campaign ...

The bill would create an income tax exemption of up to $25,000 for workers in jobs that have traditionally received tips who make less than $160,000. The exact jobs covered by the exemption would ...

Donald Trump, Former President of the United States (R) and Current U.S. Presidential Candidate: When I get to office, we are going to not charge taxes on tips. Paul Solman: ...

As a slogan in last year’s presidential campaign, “no tax on tips” was short, memorable and effective. As tax policy, it is more complex. On Thursday, the House passed a domestic spending ...