No Tax on Tips? New Rules and What They Mean
Update: 2025-09-19
Description
Trump's No Tax on Tips Promise: Is it Real? The Treasury Department just released new guidance that could exempt some tips from federal taxes, impacting millions of service industry workers. But before you celebrate, there are catches! Strict rules on reporting and documentation mean not all tips qualify, potentially creating headaches for both employees and employers. Will this simplify taxes or create a bigger mess? Find out what this means for your wallet.
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