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Tag: tips

Posted on May 23, 2025 by mtharp2013

Blessing the Worker or Burdening the Budget? A Look at the Tax Exemption for Tips and Overtime

In President Trump's "One Big Beautiful Bill Act," there’s a little gem tucked between the sweeping reforms and the budget battles: a provision that exempts income from tips and overtime from federal income tax between 2026 and 2028. On the surface, it sounds like manna from heaven for the working class. But as with any…

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