US Edition
Jimmy Fallon Jokes There Will No Longer Be Taxes on Tips 'Or $400 Million Jets'
- On May 20, 2025, the No Tax on Tips Act, a bipartisan initiative led by Senator Ted Cruz in Washington, D.C., received unanimous approval from the U.S. Senate.
- The Act arose from concerns over financial burdens on tipped workers and builds on President Trump's 2024 campaign promise for economic relief.
- The law excludes up to twenty-five thousand dollars of yearly cash gratuities from federal income taxation for workers who earn less than one hundred sixty thousand dollars and have customarily received tips before 2024.
- Senate Minority Leader Schumer expressed optimism about progress toward removing tax obligations on tips earned by service industry workers, highlighting widespread backing despite concerns over potential impacts on government revenue.
- The bill has moved on to the House of Representatives, where its outcome is uncertain amid ongoing debates over broader tax and immigration issues and worries about potential negative impacts on wages and benefits.
16 Articles
16 Articles
Jimmy Fallon Jokes There Will No Longer Be Taxes on Tips 'Or $400 Million Jets'
Jimmy Fallon is celebrating the Senate’s recent passing of the No Taxes on Tips bill. The NBC late night host started off his Wednesday night monologue with several jokes about the surprise bill, which was passed unanimously on Tuesday. “That’s fantastic news for the three people who actually report their tips to the IRS,” Fallon joked. The “Tonight Show” host then launched into his Trump impression. “After it passed, Trump said, ‘This is great …
Senate Unites to Pass No Tax on Tips Act: A Win for Service Workers - Nevada Globe
In a rare display of bipartisan unity, the U.S. Senate unanimously passed the No Tax on Tips Act, a significant stride toward economic liberty for America’s service workers. Spearheaded by Senator Ted Cruz (R-TX) and supported by President Donald Trump, this legislation aims to exempt up to $25,000 in annual cash tips from federal income tax for employees earning under $160,000. The bill now advances to the House, where its future remains uncert…
Senate Unanimously Passes No Tax on Tips Act, Aims to Benefit Service Workers
timesng.com: NEW YORK (AP) — Millions of American service workers are closer to keeping their tips tax-free after the Senate unanimously passed the No Tax on Tips Act on May 20, 2025. This bipartisan proposal, a signature campaign promise of President Donald Trump, would allow workers to exempt up to $25,000 in tips from federal income […] This post Senate Unanimously Passes No Tax on Tips Act, Aims to Benefit Service Workers appeared first on S…
Telemundo Fresno
The Bill that Eliminates Tax on Tips Is Moving Forward; What Does It Mean and Who Benefits?
On Tuesday, the Senate unanimously passed the Law to Eliminate Taxes on Propines in a surprise vote, which could push forward an idea put forward by President Donald Trump during his 2024 campaign. If passed, the law would create a federal income tax deduction of up to $25,000 a year, with some limitations. The tax exemption applies to workers who usually receive cash tips, which are declared to their employer for payroll tax withholdings, accor…
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