Former President Donald Trump's vow to stop taxing tips would cost the federal government up to $250 billion over 10 years, according to a nonpartisan watchdog group. The proposal — made by Trump for ...
Tucked away among the 940 pages of President Donald Trump’s massive One Big Beautiful Bill Act (OBBBA) are an array of new tax write-offs, exemptions that Trump promised to enact while running for a ...
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...
The U.S. House passed Republicans' sweeping tax bill early May 22, pushing forward a provision that could temporarily eliminate taxes on tips. While all Democrats and two Republicans voted against the ...
The “No Tax on Tips” provision, passed and signed into law on July 4 as part of President Donald Trump’s One Big Beautiful Bill Act, allows eligible tipped workers to deduct a portion of their income ...
The Trump administration just tipped its hand on who can claim the tax break for tips in the wake of the One Big Beautiful Bill Act. It’s one big list so far — and a reminder there are still big ...
The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...
Corrections & Clarifications: An earlier version of this article gave incorrect information about gifts being subject to income taxes. Since President Donald Trump first proposed exempting tips from ...
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