No Tax On Tips
I’m sure you have heard about No Tax on Tips and might be wondering how does it work.
Let’s break it down.
On July 4th, President Trump signed the One Big Beautiful Bill into law.
One of the best parts of the bill? No Tax on Tips.
Here’s what that means:
Starting this year until 2028, the first $25,000 you earn in tips each year will be EXEMPT from federal income tax.
For example: before this bill, if you earned $25,000 in tips at a 12% tax rate, $3,000 of that was going to federal income tax.
Now, that is $3,000 you get to KEEP!
This helps millions of Americans who work for tips take home more of their hard-earned money.
It means being able to save for a house, pay off your car sooner, or just have a little more breathing room at the end of the month.
Hard work should be rewarded and thanks to President Trump and the One Big Beautiful Bill, it will be.
I’m proud to have voted for this bill in the Senate.
President Trump campaigned on helping hard-working Americans and he delivered.
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