Oh my! Those tax free tips for the food service industry?

[imanamerican63]

It will only happens when it is a cash tip! If the patrons tip on a credit card? Then the tip is taxed!

Just another beat of screwing the people who serve the public on a daily basis! Most people don’t tip in cash anymore.

I try to give a cash tip, I will definitely tip with cash! Screw Trump and I’ll advise tax plan!

[Silent Type]

1. $25,000 deduction applies to cash, credit card, and debit card tips.

I think original bill said “cash,” but in tipland cash and credit card tips are both counted.

Senate Bill makes it clear according to Money Magazine.

“The Senate bill lets workers deduct 100% of qualifying tipped income, including tips that come from cash, debit and credit card transactions.”

[WhiteTara]

2. on the other hand, they lose earnings

should SSA exist at their retirement.

[Silent Type]

3. No they don't. They still have to report tips and pay FICA.

[WhiteTara]

5. Oh. I didn't realize it was just federal

do they owe state tax?

[Silent Type]

7. That I'm not sure. I think states would have to change their tax laws. My state will for sure in deference to trump,

if for no other reason.

While I despise trump, think it’s hard to oppose this, unless we say “why not make it a $50,000 deduction?”

[Mountainguy]

4. Guessing in a lot of places

cash tips we're reported or highly underreported anyway...

But sounds like this will apply to credit as well.

[Chuuku Davis]

6. I always pay my bill w/ a credit card

But tip w/ green cash.