The legislation has implications for those who give gratuities and those who pocket them, with the potential to leave both sides feeling shortchanged.

On Tuesday, the U.S. Senate unanimously passed the No Tax on Tips Act, which could have wide-ranging consequences for the restaurant industry in the U.S. Here's what you need to know about the bill and how it could impact you.

The Senate passed the No Tax on Tips Act, a key element of Trump's tax cut plan, with bipartisan support despite concerns over its $10 billion annual price tag.

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.

Proposed changes making their way through Congress would benefit many employees, but some details are still in flux.

Trump offered few details at the time, but later made similar pledges to eliminate taxes on other forms of income, including overtime wages and Social Security payments. Those ideas, along with a tax deduction for auto loan interest, are also included in the GOP's budget bill.