The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...

Tipped workers will be able to deduct up to $25,000 in tips from their taxable income beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

Not all the Trump promises to cut tax on tips, overtime and Social Security made it into the proposed tax bill—and those provisions that did make it in are temporary and have restrictions. Days after ...

The sudden popularity of exempting tips from taxes is a reminder of the improvisational nature of economic policymaking under Donald Trump. By Andrew Duehren Andrew Duehren writes about tax policy. In ...

President-elect Donald Trump campaigned on removing taxes on tips; many Democrats agree with the idea. Economists and tax experts say eliminating income tax on tips will not benefit most tipped ...

The House narrowly advanced the GOP plan for President Donald Trump’s legislative agenda, kick-starting a process that could push forward Trump's "no tax on tips" pledge and other campaign promises.

Former President Donald Trump's vow to stop taxing tips would cost the federal government up to $250 billion over 10 years, according to a nonpartisan watchdog group. The proposal — made by Trump for ...

NOTE: An earlier version of this story overestimated how much workers could save in federal taxes under President Donald Trump’s “big, beautiful bill” and did not apply progressive tax brackets. The ...