Senate, No Tax on Tips
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The Senate passed a bill that would create a tax deduction for tips. Here's what to know about the No Tax on Tips Act and how much workers could save.
Nixing income taxes was one of President Donald Trump's top policy promises during his 2024 election campaign.
The Senate passed a bill on Monday which aims to eliminate taxes on tips in the United States. While it still has a long road before it takes effect, here's what Tennesseans should know.
Uncle Sam no longer wants taxes from tips left for bartenders or hairstylists. That was the campaign message last fall from President Donald Trump and Vice President Kamala Harris, and this week it came closer to reality as both houses of Congress took steps to remove federal taxes on tipped income.
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President Donald Trumpās āno tax on tipsā pledge became a catchphrase for his 2024 campaign. Now itās inching closer to reality.
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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?
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.