No Tax on Tips Act 2025: Understanding the Proposed Legislation and its Potential Impact The potential enactment of a “No Tax on Tips Act” in 2025 is a topic generating significant interest and debate among workers, businesses, and policymakers. While no such act currently exists, the idea of eliminating or significantly reducing taxes on tips … Read more
Decoding the Trump Tax Cuts and Jobs Act: Long-Term Impacts and Unintended Consequences Decoding the Trump Tax Cuts and Jobs Act: Long-Term Impacts and Unintended Consequences The Tax Cuts and Jobs Act (TCJA) of 2017, signed into law by President Donald Trump, represented the most significant overhaul of the US tax code in over three … Read more
Did the No Tax on Tips Bill Pass the Senate? Unpacking the Complexities of Tip Taxation The question of whether a bill eliminating taxes on tips has passed the Senate is a complex one, often fueled by misinformation and misunderstanding of the current tax system regarding tips. There is no single, simple answer, as the … Read more
No Tax on Tips Passes Senate: What It Means for You and the Future of Worker Compensation The Senate’s recent passage of legislation exempting tips from federal income tax has sent ripples through the service industry and beyond. This landmark decision, while seemingly straightforward, has far-reaching implications for workers, businesses, and the overall tax system. … Read more
