People who earn tips or work overtime may see some tax breaks under President Donald Trump's "Big Beautiful Bill." What to ...

For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in ...

The "no tax on tips" provision within the Senate version of the One Big Beautiful Bill Act allows tipped workers to deduct ...

Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax ...

The Senate passed President Trump’s “Big Beautiful Bill” July 1, giving the president his most significant legislative ...

Trump’s economic package was just approved by the Senate. Among the tax cuts is a plan to exempt tips from federal income ...

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. Instead, a cap was ...

The "no tax on tips" provision within the Senate version of the One Big Beautiful Bill Act allows tipped workers to deduct tip income from their federal taxable income, up to $25,000 annually.

The "no tax on tips" provision in the spending bill creates a new deduction for tipped workers, eliminating what they owe in federal income tax. Tipped workers still have to pay state and local ...

President Trump has signed his Big Beautiful Bill and some local servers could be cashing in on the 'no tax on tips' ...

However, there are slight differences. In the House bill, no tips would be taxed through 2028. In the Senate bill, the first $25,000 of tips are tax-deductible through 2028 with a $150,000 income ...

For Gimbel, the no tax on tips law should be taken in the broader context of the entire bill. "Our analysis suggests that if your income is above 3.3 million, you get a tax cut of over 118 ...