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YouTubeCNBC
Why No Tax On Tips May Be Making America’s Tipping Problem Worse
The new no tax on tips provision within the One Big Beautiful Bill allows tipped employees to deduct up to $25,000 from their federal taxes. Lawmakers pushed for the provision to increase take home pay for the nation’s tipped employees. Data suggests it’ll boost average take home pay by $1,300 annually. However, some industry experts and ...
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