Newsday

Hochul proposes eliminating state taxes on tips of up to $25,000 a year

Gov. Kathy Hochul on Thursday proposed eliminating state taxes on tips of up to $25,000 a year, as a law that provides a similar federal tax deduction takes effect for 2025 tax-year filings. "I’m ...
New York Post

California waiters, bartenders seethe over state ignoring ‘No tax on tips’ policy

California is among the blue states that won’t be adopting President Trump’s “No tax on tips” policy — and hardworking waitstaff and bartenders in the Golden State aren’t having it. “It would put a ...
AOL

Trump's 'no taxes on tips' policy may be the stupidest tax break ever, according to UC Berkeley tax law professor. How everything comes with a catch

President Donald Trump delivered on his promise to exempt tips from taxes but critics say the “Big Beautiful” policy may deliver a smaller advantage than expected — and could hurt the very workers ...
Wall Street Journal

Inflation-Protected Bonds Fail a Key Test: They Don’t Help When Inflation Is High

The bonds known as Treasury inflation-protected securities are designed to protect investors’ income against rising prices and perhaps even deliver an extra bit of return. But do TIPS, as the bonds ...
Reason

The Left's Secret Repeal of No Taxes on Tips

What began as a campaign promise in Nevada became law this summer with the passage of the One Big Beautiful Bill Act: "No taxes on tips" is now nationwide. But even as pundits debate its merits, ...
WOOD-TV

Whitmer celebrates new tax cuts on tips

GRAND RAPIDS, Mich. (WOOD) — Gov. Gretchen Whitmer joined legislators and tipped workers at a restaurant in southeastern Michigan Wednesday morning to celebrate the signing of a budget bill cutting ...
Newsweek

No Tax on Tips Update Issued For All Jobs Impacted

The federal government has shed light on which tips would be eligible for a proposed tax deduction in the "no tax on tips" initiative contained in the Trump administration's so-called One, Big, ...
Boston Herald

Who qualifies for ‘no tax on tips’ and what counts as a tip? Here are the new rules

WASHINGTON (AP) — The Treasury Department is moving closer to making President Donald Trump’s “ no tax on tips ” promise a reality. But new guidance released Friday tends to limit the number of tipped ...
USA Today

No tax on tips for who? These workers and tips will qualify

Federal agencies are working to make President Donald Trump’s “no tax on tips” campaign promise a reality for eligible filers starting with their 2025 income, issuing new guidance Sept. 19 spelling ...
Accounting Today

IRS releases draft Schedule 1-A for tips, overtime and more

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...
Engadget

'No Tax on Tips' apparently also applies to your favorite streamer

Streamers, YouTubers and other content creators are eligible for the new "No Tax on Tips" policy in the One Big Beautiful Bill Act President Donald Trump signed into law on July 4, 2024. "Digital ...