
NO tax on Tips
The “No Tax on Tips” proposal is gaining traction, with bills introduced in both the House and Senate. If passed, this legislation could provide significant tax relief for hospitality workers by allowing a deduction of up to $25,000 on tip income.
While this change could help restaurants and service businesses struggling with hiring, it also raises questions about fairness and unintended consequences. Could it shift job demand toward tipped roles, making it harder to fill non-tipped positions?
As the debate unfolds, it’s important to consider both the benefits and the broader economic impact of this policy shift.
Let’s continue the conversation and share insights. Email me to discuss!
