Earlier this year, many low-income taxpayers were elated to learn about the possibility that tipped wages could receive federal income tax relief under the No Tax On Tips Act. Under President Trump’s “One, Big Beautiful...more
6/23/2025
/ Income Taxes ,
Over-Time ,
Payroll Taxes ,
Proposed Legislation ,
Social Security ,
Tax Credits ,
Tax Deductions ,
Tax Liability ,
Tax Reform ,
Tipped Employees ,
Trump Administration ,
Ways and Means Committee
Tipping has been part of the modern-day American restaurant experience for decades. Like most forms of income, these tips are taxable and subject to income tax. But what if this income was free from income tax liability?...more
3/13/2025
/ Income Taxes ,
IRS ,
New Legislation ,
Payroll Taxes ,
Reporting Requirements ,
State Taxes ,
Tax Deductions ,
Tax Liability ,
Tax Planning ,
Tax Reform ,
Tipped Employees ,
Tips