“No Tax on Tips” Includes Digital Creators, Too

hollywoodreporter.com

175 points by aspenmayer 3 days ago


throw0101a - 3 days ago

PSA: the "No Tax On Tips" provision expires:

> New deduction: Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips received in occupations that are listed by the IRS as customarily and regularly receiving tips on or before December 31, 2024, and that are reported on a Form W-2, Form 1099, or other specified statement furnished to the individual or reported directly by the individual on Form 4137.

* https://www.irs.gov/newsroom/one-big-beautiful-bill-act-tax-...

There's also a maximum of $25k/year (~$2k/mo).

billpg - 2 days ago

"Would you like to leave a tip for your server?" "20%."

"And the cook?" "What?"

"The cook wants in on the no-tax-on-tips so we're asking how much you'd like to tip him. We're also going to ask for the cleaner and the guy who delivered the ingredients earlier this morning."

bitshiftfaced - 3 days ago

I don't like the idea of even more expectations for tips, since we're already tip-fatigued. Despite that, I'd rather have less rules and taxes and have them actually enforced than have a situation where people pocket the cash portion of their tips untaxed anyway, which only punishes honest people.

junar - 3 days ago

I think one aspect that is understated: "No Tax on Tips" is only a deduction for the purposes of federal income tax. W-2 workers still owe FICA and other payroll taxes on such income, and similarly self-employed workers would still owe self-employment tax.

To me, a more appropriate name is "Some taxes on tips".

jollyllama - 3 days ago

$1 subscription, but "This content is only available for my top 1,000,000 fans" ranked by tips.

conductr - 3 days ago

I’m more concerned with no tip on taxes. Sales tax is usually in the subtotal that tip percentage are calculated on. Most POS I’ve seen do this way

richwater - 3 days ago

"No Tax On Tips" is so stupidly regressive and yet another addition to the complex tax law. Somehow we decided a waiter making 100k with tips needs more help than a stock worker at Walmart.

hypeatei - 3 days ago

"no tax on tips" was a pandering move to the mostly financially-illiterate populace that still don't understand progressive tax systems. Singling out certain types of income makes no sense and is very unfair. I wouldn't be surprised if this actually ends up resulting in less tip income over the long term due to people going "wait my income is taxed but theirs isn't, why should I tip as much?"