Amy Nguyen
@3726
The U.S. Senate has unexpectedly passed the “No Tax on Tips” Act, a policy proposed by President Trump during the 2024 election campaign. The bill allows workers to claim a tax deduction of up to $25,000 on cash tips, provided that this amount is reported to the employer for income tax purposes. This policy applies only to workers earning $160,000 or less in 2025, and this limit will be adjusted for inflation in subsequent years.
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