
Tipped Workers Eligible for Up to 25,000 Tax Deduction on Reported Tips Beginning in 2025
Beginning in 2025, tipped workers across the United States will be eligible for a significant tax benefit that could reduce their taxable income by up to $25,000 annually. This new policy, part of recent federal tax reforms, allows eligible employees in industries such as hospitality, food service, and personal care to deduct a substantial portion...
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