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sl8

(16,695 posts)

6. I think the new exemption is an "above the line" deduction, which means you wouldn't need to itemize to claim it.

Reply to lapfog_1 (Reply #1)

Fri May 23, 2025, 06:24 AM

May 23

https://www.nytimes.com/2025/05/21/dining/no-tax-on-tips-bill.html

What will the new bill do?

It will make tip income exempt from federal income taxes. That amount will be subtracted from reported income as an “above the line” deduction on a tax return. That will reduce how much income tax is owed. The tips will still have to be tracked and reported.

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Tips non tax on tips is for cash only [View all] Figarosmom May 23 OP

not only that, but in the House version of the bill lapfog_1 May 23 #1

Yeah they don' t make enough to bother Figarosmom May 23 #3

Exactly rickford66 May 23 #7

Yeah thats the scam exactly Figarosmom May 23 #8

I think the new exemption is an "above the line" deduction, which means you wouldn't need to itemize to claim it. sl8 May 23 #6

I'm sure everyone on du is an honest taxpayer, but.... unblock May 23 #2

I'm not so sure about that. sl8 May 23 #4

wow Snoopy 7 May 23 #5