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‘No Tax on Tips’ sounds great, but some workers may not benefit
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‘No Tax on Tips’ sounds great, but some workers may not benefit
BECKLEY, WV (WOAY) – The No Tax on Tips Act rules taking effect in 2026 will change how tips are taxed under the Big Beautiful Bill. Local tipped workers are preparing for what that means for their take-home pay and tax filing, allowing them to deduct up to $25,000 of qualified tips. “These people often receive tips. But as a self-employed person, you don’t often receive a 1099. For that group of people, your tips are still taxable,” said TR Tax…
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