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New tax breaks on tip income and overtime pay will go into effect in 2025, part of the megabill that President Trump signed into law on July 4. But some workers may not see any benefit.
Big changes are ahead for Americans if the Trump-backed bill becomes law. Republicans are trying to pass it by a self-imposed July 4 deadline.
P resident Donald Trump's no tax on tips and overtime pay policy was one of his most popular pledges during the 2024 election campaign, and lawmakers in Congress are working to make his plans a ...
The OBBB incorporates a bill known as the “No Tax on Tips Act,” which had previously passed the U.S. Senate in a surprising 100-0 bipartisan vote. Republican lawmakers included the measure in ...
Rep. Erin Houchin discusses Trump's "No Tax on Tips" policy in a White House video, highlighting how the One Big Beautiful Bill Act would benefit working-class Americans and business owners.
FIRST ON FOX: Rep. Erin Houchin, R-Ind., highlights how President Donald Trump's "No Tax on Tips" policy will support working-class Americans in a video released by the White House on Wednesday ...
The Senate Finance Committee proposed a "no tax on tips" measure as part of a multitrillion-dollar package of tax cuts. Senate Republicans would cap the tax deduction on tips at $25,000 a year.
The No Tax on Tips Act, a standalone bill endorsed by both President Donald Trump and former Vice President Kamala Harris, would give tipped workers a tax break on gratuities of up to $25,000 ...
“No Tax on Tips,” which was one of President Trump’s most buzzy, populist campaign pledges in 2024, polls quite well. An Ipsos survey found roughly three in four Republicans, Democrats and ...
New tax breaks on tip income and overtime pay will go into effect in 2025, part of the megabill that President Trump signed into law on July 4. But some workers may not see any benefit.