IRS's No Tax On Tips: Who Benefits?
Update: 2025-09-19
Description
Big news for tipped workers! The IRS just announced 70 jobs, from bartenders to podcasters, that could get a sweet tax break on the first $25,000 in tips starting next year. But there are catches: it has to be voluntary tips, you still pay payroll taxes, and certain professions (sorry, actors!) are excluded. Plus, illegal activities are definitely out. This policy is temporary, expiring in 2028, and the rules aren't final yet, so stay tuned!
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