Politics ❯Legislation ❯Tax Policy

Income Tax

Tax Cuts Tips Tax Tipped Workers Mississippi Income Tax Elimination Tax Credits Wealth Tax Making Tax Digital Updates Overtime Wages Deduction Tipped Income GOP Tax Bill Tips Tax Exemption Tips Tips Taxation Parliamentary Proceedings Wealth Distribution Tip Deductions Middle-Class Tax Hike Wealth Redistribution SALT Deduction Deductions Medicaid Family Benefits

Trump’s One Big Beautiful Bill Opens Above-the-Line Deductions for Tips, Overtime

Above-the-line deductions of $25,000 for tips, $12,500 for overtime apply to 2025 taxable income with phase-outs starting at $150,000

Senate Republicans Question Trump’s “One Big Beautiful Bill” Over Deficit and Inequality

Senate Unanimously Passes No Tax on Tips Act, Advancing Key Trump Campaign Promise

House Republicans Advance Budget Bill with Tip Tax Deduction Provision

Republican Senators Introduce Overtime Tax Relief Bill Backed by Trump and Teamsters

HMRC Finalizes Rollout Plans for Digital Tax Reporting Starting April 2026

Mississippi Becomes First Non-Alaska State to Begin Phasing Out Income Tax

House GOP Budget Resolution Advances Without Specific Tax Cuts on Tips or Overtime