Vice President Harris and former President Donald Trump don't agree on much — especially when it comes to economic policy. But they both want to get rid of taxes on tips. At a campaign rally in Nevada ...

If you earn tips at work, you may be able to deduct up to $25,000 of qualified tips on your federal income tax return. The tip deduction is gradually phased out – potentially to $0 – if your modified ...

So, tips haven't historically been treated any differently than your regular paycheck when it comes to taxes. But under the 2025 new tax law, starting with the 2025 tax year (returns you'll file now, ...

As the election kicks into high gear, both former President Donald Trump and Vice President Kamala Harris have made proposals on the campaign trail to end taxes on tips. It's an idea that sounds ...

The Senate on Tuesday unanimously passed the No Tax on Tips Act in a surprise vote. This could boost momentum for the idea floated by President Donald Trump during his 2024 campaign. If enacted, the ...