No tax on tips: Breaking down the risks and confusion

The Senate is starting to discuss the Trumpbacked tax bill passed by the House of Representatives last month. One part of the bill that has brought appeal is a no tax on tips provision. The policy would exempt up to $25,000 in tips from federal income tax for people making less than $160,000 in 2025.But there are some risks that Americans should be aware of. here to explain. We've got the debtfree guys, David and John Autton Schneider, co-hosts of the Living Not So Fabulously video podcast as well.David, le ...