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For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in ...
But that has now changed for many workers, following President Trump's signing of the so-called One Big Beautiful Bill Act (OBBBA) on July 4, 2025. ... What the No Tax on Tips bill doesn ...
Ending taxes on overtime and tips was a campaign promise Trump made. An earlier version of the bill had made it so that no taxes would be paid on overtime and tips through 2028.
A full-time NJ restaurant worker earning $40,000 base salary and $20,000 in tips could deduct all of their tips. If they also ...
Rep. Alexandria Ocasio-Cortez (D-NY) took to the House floor on Wednesday to express her outrage at the "No Tax On Tips" part ...
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