Chris Wittich sits down with Nick Swedberg to cover one of the most talked-about provisions in the new tax bill: the no-tax-on-tips deduction.
This new rule allows up to $25,000 in tip income to be excluded from tax, but only if the tips are properly reported and come from a job where tipping is considered customary.
Chris and Nick discuss who qualifies, how the deduction works, what’s still uncertain, and how this may influence future policy and employer practices, especially in restaurants and salons.
From stylists and servers to casino dealers and delivery drivers, the effects of this change could be far-reaching for both workers and business owners.
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