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In a surprising move, the U.S. Senate just passed the “No Tax on Tips Act,” by a vote of 100-0; no senator on either side of ...
If tips become tax-free income, employers might increasingly adopt ... In sum, while many workers would welcome extra take-home pay, the broader impacts of these tax proposals are complex.
Here's what to know about the bill, plus info on North Carolina's “No Tax on Tips, Overtime, Bonus Pay" Bill and more.
The Senate passed the 'No Tax on Tips' bill, allowing workers to deduct 100% of reported tips from federal taxes. Critics ...
Under current IRS rules, tips are considered taxable income ... overtime policy wouldn't just appeal to workers earning extra income—it could also become a strategic tool for employers, helping ...
Get The Scoop!: Sign up for our weekly Ohio politics newsletter "If someone stays late, works a double and earns extra in tips, they should keep that money, not hand it over in taxes," Rep.
Seniors are unlikely to get a break on paying taxes on their Social Security benefits, an issue that impacts more people each ...
Alonzo Knox has filed a bill that would allow service workers to deduct tips from their state income taxes ... We see firsthand how every extra dollar can make a difference for workers, especially ...