So, like, the Senate passed this “No Tax on Tips Act” thing which was a total surprise, right? It’s like this idea that Trump talked about during his campaign, and now it’s becoming a reality. The deal is that workers can get a tax deduction of up to $25,000 for tips they report to their bosses for payroll taxes. But here’s the catch — it only applies to cash tips and workers making $160,000 or less in 2025. Oh, and that amount is gonna go up with inflation over the years.
Who’s behind this, you ask? Well, it was introduced by Sen. Ted Cruz, along with a couple of other senators, including Nevada’s Jacky Rosen and Catherine Cortez Masto. Rosen brought it up in the Senate, and guess what? No one objected. Like, seriously, no one. So now it’s off to the House for consideration. The Republicans are all about including it in their big package for Trump’s agenda, but the Democrats are on board too. Looks like everyone is on the same page for once.
I mean, I’m not really sure why this matters, but it seems like a big deal. The bill is gonna give some relief to hard-working families, especially in Nevada where tipped workers are everywhere. It’s like a win-win situation, you know? Democrats and Republicans coming together for a good cause. Who would’ve thought? So, whether it passes on its own or as part of a bigger bill, it’s gonna happen. And hey, that’s something to celebrate, right? So, props to everyone involved in making this happen.
