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Trump's 'No Tax on Tips' Policy Benefits 4 Million Workers

9/2/2025

23 5 Full Breakdown

Summary

Story summary

The Treasury Department announced jobs eligible for President Trump's "no tax on tips" policy, starting Labor Day.
Workers in designated sectors can deduct up to $25,000 in cash tips from taxable income until 2028.
Eligible positions include bartenders, food servers, personal care workers, and taxi drivers.
The initiative aims to fulfill a campaign promise and affects approximately 4 million Americans.

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Story summary

The Treasury Department announced jobs eligible for President Trump's "no tax on tips" policy, starting Labor Day.
Workers in designated sectors can deduct up to $25,000 in cash tips from taxable income until 2028.
Eligible positions include bartenders, food servers, personal care workers, and taxi drivers.
The initiative aims to fulfill a campaign promise and affects approximately 4 million Americans.