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The Senate passed President Trump’s “Big Beautiful Bill” July 1, giving the president his most significant legislative ...
In Massachusetts, legislation is in the works to end the taxes on overtime and tip, with language that is slightly different ...
The "no tax on tips" provision within the Senate version of the One Big Beautiful Bill Act allows tipped workers to deduct ...
Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax ...
Trump’s economic package was just approved by the Senate. Among the tax cuts is a plan to exempt tips from federal income ...
Senate Republicans narrowly advanced President Donald Trump’s sweeping tax cut and spending reduction plan on Tuesday.
However, there are slight differences. In the House bill, no tips would be taxed through 2028. In the Senate bill, the first $25,000 of tips are tax-deductible through 2028 with a $150,000 income ...
The "no tax on tips" provision in the spending bill creates a new deduction for tipped workers, eliminating what they owe in federal income tax. Tipped workers still have to pay state and local ...
Trump signed the legislation into law at the White House on Friday, July 4. What does the bill change about the way citizens ...
For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in the $50,000 to $100,000 range, shielding $12,500 in overtime or $25,000 in ...
President Trump has signed his Big Beautiful Bill and some local servers could be cashing in on the 'no tax on tips' ...
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