Tip Income Tax Break Could Cost Workers More Than It Saves

News Room
Africa Studio / Shutterstock.com

A new Republican proposal to eliminate federal taxes on tips could reshape how millions of Americans are paid — and not just those who work for tips. The Senate Finance Committee just unveiled its version of the so-called “no tax on tips” plan as part of a sweeping tax package, CNBC reports. While it shares DNA with a House bill passed in May, the Senate version differs in key ways — and those…

Read the full article here

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *