The Senate narrowly approved Trump's tax bill, which includes a provision that would make his “no tax on tips” campaign promise a reality.

Among the multiple provisions within the bill President Donald Trump signed last week are several that could directly impact you, including no tax on tips.

The proposal, which Congress passed as part of the president’s tax-and-spending megabill, won’t eliminate taxes on tips entirely.

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A full-time NJ restaurant worker earning $40,000 base salary and $20,000 in tips could deduct all of their tips. If they also pull in $10,000 in overtime during the year, they’re nearly maxing out both deductions. At a 22% tax rate, that’s potentially $7,700 in federal tax savings.