DiscoverMore with McGlinchey80: "Big, Beautiful" Changes, Pt. 1: No Tax on Tips
80: "Big, Beautiful" Changes, Pt. 1: No Tax on Tips

80: "Big, Beautiful" Changes, Pt. 1: No Tax on Tips

Update: 2025-10-03
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True to President Trump's campaign promise, the "one big, beautiful bill" allows a limited deduction for tip income, but the mantra "no tax on tips" is not quite accurate. In this episode, McGlinchey Tax attorney Douglas Charnas (Washington) and McGlinchey Employment attorney Susan Desmond (New Orleans) discuss the new employee deduction for tips and employers' reporting responsibilities for these deductions.

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80: "Big, Beautiful" Changes, Pt. 1: No Tax on Tips

80: "Big, Beautiful" Changes, Pt. 1: No Tax on Tips

McGlinchey Stafford