The No Tax on Tips Act would introduce a new tax deduction of up to $25,000 for tips, with certain restrictions. It was introduced in January by Texas Senator Ted Cruz, ...

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.

Restaurant workers who make more than $30 a month in tips can be paid a reduced minimum wage under federal law — $2.13 an hour, compared with $7.25 for non-tipped employees. These reduced ...

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.

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev ...

On the campaign trail, President Donald Trump sought to win over working-class voters in key swing states with a promise to exempt tips and overtime pay from federal income taxes.

Sen. Jacky Rosen, D-Nev., pushed through Sen. Ted Cruz's, R-Texas, legislation, fulfilling a key Trump campaign promise for service workers.

The deduction applies only to cash tips and excludes noncash items or added service charges. There are restrictions on who qualifies, including income limits and occupation requirements.

The No Tax on Tips Act would introduce a new tax deduction of up to $25,000 for tips, with certain restrictions. It was introduced in January by Texas Senator Ted Cruz, ...