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Both the House and Senate versions are structured as deductions, not full exclusions of tips from taxable income. So, workers ...
Nev., called up the bipartisan bill for immediate passage, and no senator objected. The measure now goes to the House.
Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.
The bill to exempt tips from federal income tax, an idea that President Donald Trump campaigned on, will now go to the House ...
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