Here’s what Trump’s “no tax on tips” actually means for workers. 💸
Yahoo Finance·2025-07-21 22:30
You may have heard President Trump talk about no tax on tips >> and we will deliver no tax on tips. Very important. No tax on tips.>> Now that his massive tax and spending bill is law, he's now followed through on that promise. What does that catchphrase actually look like in practice. Any workers who have historically received tips like restaurant servers will be able to deduct up to $25,000 from their taxable income starting next year through 2028.The deduction begins phasing out for workers who earn more ...