Trump, Tax on Tips
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Polling suggests no taxes on tips is a popular idea across party lines, but critics say the proposal will benefit few lower-income workers.
Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.
Proposed changes making their way through Congress would benefit many employees, but some details are still in flux.
Jimmy Fallon is celebrating the Senate's recent passing of the No Taxes on Tips bill. The NBC late night host started off his Wednesday night monologue with several jokes about the surprise bill, which was passed unanimously on Tuesday.
The U.S. Senate unanimously passed the "No Tax on Tips Act," a bill that would create a tax deduction on tips worth up to $25,000. What happens next?
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Ohio workers could avoid state and local taxes on their tips under a bill introduced by a Republican lawmaker. House Bill 209 would exempt tips from state and local income taxes, regardless of how much the person makes.