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Hochul Moves to Exempt Up to $25,000 in Tips From New York Income Tax in FY2027 Budget

Lawmakers will review the proposal when detailed budget language is issued later this month.

Whitmer Signs $81 Billion FY 2026 Michigan Budget With Cannabis Tax–Backed Road Plan

Treasury, IRS Unveil Proposed Rules for ‘No Tax on Tips,’ Defining Eligible Jobs and Payments