"...The Act would allow “traditionally tipped employees” to claim a 100% deduction on tipped wages, not to exceed $25,000. (In other words, they’d still have to report the tips.)"
Not to worry. They are still REQUIRED to report the tips. When have you ever seen a tax exemption that wasn't later subjected to increasing tax rates??? This won't go untaxed long. It's just more political theater.
"...The Act would allow “traditionally tipped employees” to claim a 100% deduction on tipped wages, not to exceed $25,000. (In other words, they’d still have to report the tips.)"
Not to worry. They are still REQUIRED to report the tips. When have you ever seen a tax exemption that wasn't later subjected to increasing tax rates??? This won't go untaxed long. It's just more political theater.
"...The Act would allow “traditionally tipped employees” to claim a 100% deduction on tipped wages, not to exceed $25,000. (In other words, they’d still have to report the tips.)"
Not to worry. They are still REQUIRED to report the tips. When have you ever seen a tax exemption that wasn't later subjected to increasing tax rates??? This won't go untaxed long. It's just more political theater.