On July 4, 2025, as part of Public Law 119-21—aka, the One Big Beautiful Bill Act—Congress enacted above-the-line federal tax deductions that a qualifying employee can claim for their tipped income (up to $25,000 per...
Editors
On July 4, 2025, as part of Public Law 119-21—aka, the One Big Beautiful Bill Act—Congress enacted above-the-line federal tax deductions that a qualifying employee can claim for their tipped income (up to $25,000 per...