What You Should Know About ‘No Taxes on Tips’ Tax Relief for Your Tipped Employees
On July 4, 2025, President Donald Trump signed into law the One Big Beautiful Bill Act. One of its provisions has been dubbed “no taxes on tips” and provides a tax deduction of up to $25,000 for tips received by employees. The provision is retroactive to January 1, 2025, so certain payroll and reporting changes […]