Senate Passes 'No Tax on Tips Act' Unanimously
May 21, 2025
United States
Politics
United States
Politics
The Senate unanimously passed the 'No Tax on Tips Act', preventing the IRS from taxing tips as wages, offering relief to service industry workers.
Senate Unanimously Approves 'No Tax on Tips Act'
In an unexpected move, the Senate has unanimously passed the 'No Tax on Tips Act'. This bill is designed to ensure that tips are not classified as wages by the IRS for taxation purposes.
Key Highlights:
The legislation demonstrates strong bipartisan agreement to safeguard service industry employees from potential tax liabilities on their hard-earned tips.
Further information concerning the specifics of the bill and its anticipated consequences will be available soon.
By news
4 months ago
