No one seems to know, least of all the IRS By Truman Lewis of ConsumerAffairs July 8, 2025 New law exempts up to $25,000 in tips from federal taxes, delivering on Trumps campaign pledge Unclear rules leave workers and employers guessing which tipsand jobsqualify IRS braces for administrative chaos amid staffing shortages and technological demands A hallmark promise from Donald Trumps presidential campaign is now law, granting tipped workers a significant tax break. But even before the ink has dried, the new measure is sowing confusion across the service industry and posing major logistical challenges for the Internal Revenue Service. Under the legislation, workers in jobs that customarily and regularly receive tips can exclude up to $25,000 in annual tip income from federal taxes. The intent is to boost take-home pay for millions of restaurant servers, bartenders, hotel staff, and others who… ...[TheTopNews] Read More.
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