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News

Trump, Tax on Tips

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New 'No Tax on Tips' Bill Approved: What to Know Now
Both the House and Senate versions are structured as deductions, not full exclusions of tips from taxable income. So, workers would still report their tips and claim the deduction when filing their taxes, rather than having tips automatically excluded from taxable income.

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 · 3d · on MSN
 · 1d · on MSN
How 'no tax on tips' and Trump's 'big beautiful bill' will impact workers
 · 2d
When does 'no tax on tips' begin? Latest moves made on Trump's campaign promise
3don MSN
Senate unexpectedly passes the No Tax on Tips Act in a unanimous vote
Nev., called up the bipartisan bill for immediate passage, and no senator objected. The measure now goes to the House.
2don MSN
Senate unanimously approves bill to create tax deduction for cash tips
The unexpected voice vote comes as congressional Republicans work to pass legislation that would include a similar provision.

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