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Who qualifies for the Treasury’s ‘no tax on tips’? The answer is complicated
Yahoo Finance· 2025-09-11 17:30
Trump signed off on the “no tax on tips” deduction as part of his “Big, Beautiful Bill” legislation on July 4. But, while the provision had bipartisan support, experts say not all workers who make tips will end up qualifying. Most Read from Fast Company In August, the U.S. Department of the Treasury released a preliminary list of the occupations that may be eligible. However, further guidance may be needed to determine who will actually qualify, as some jobs listed don’t meet the criteria laid out by the ...
Uber and DoorDash Hope to Hitch Ride With GOP Tip Law
PYMNTS.com· 2025-03-30 22:29
"It's critical that any federal legislation also include Dashers," added Max Rettig, DoorDash's global head of public policy. "Tips are tips — there's no reason to exclude Dashers based on how they work." The Cruz-Buchanan proposal would limit the tax break to a $25,000 income-tax deduction, and would deny the break to anyone making more than $160,000 per year. In addition — and critical for Uber and DoorDash — the legislation would tie eligibility to reports by employers that break out tips and wages. Pres ...