The massive federal spending and tax bill, dubbed the Big, Beautiful Bill, was signed into law by President Donald Trump on July 4th. The bill includes tax breaks for tipped workers, such as those in ...

The “No Tax on Tips” provision, passed and signed into law on July 4 as part of President Donald Trump’s One Big Beautiful Bill Act, allows eligible tipped workers to deduct a portion of their income ...

Tipped workers will be able to deduct up to $25,000 in tips from their taxable income beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

President Trump's promise to eliminate federal income tax on worker tips will become a reality Friday when he signs the massive budget package into law. After narrowly squeaking through the House on ...

A "no tax on tips" proposal has broad support among politicians and Americans across party lines, though critics – including a restaurant trade group – warn the tax break could be costly and apply ...

Tipped workers in the U.S. could see significant changes to their taxes after Congress approved President Trump's legislative agenda on Thursday. This week, the GOP-controlled Senate and House ...

The Senate has proposed numerous changes to the "One, Big, Beautiful Bill" that the House narrowly passed. The Senate's version caps the deductions for tips and overtime pay, and puts income ...

Hourly workers in the service, hospitality, and retail industries overwhelmingly back President Donald J. Trump’s bold NO TAX ON TIPS plan in the One Big Beautiful Bill, according to a new survey — ...

The Senate has passed President Donald Trump's highly anticipated tax agenda, including a provision to lower federal income taxes on worker tips. The proposal, part of the One Big Beautiful Bill Act, ...

President Donald Trump's no tax on tips and overtime pay policy was one of his most popular pledges during the 2024 election campaign, and lawmakers in Congress are working to make his plans a reality ...

NOTE: An earlier version of this story overestimated how much workers could save in federal taxes under President Donald Trump’s “big, beautiful bill” and did not apply progressive tax brackets. The ...