Bill Exempts Tipping Wages from Tax
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tipped workersKOLO | 8 News Now | Reno, NV
•Business
Business & Economics
No Tax on Tips Act reintroduced to Congress and local business owners are speaking up
72% Informative
Nevada has the highest concentration of tipped workers in the nation.
All cash and non-cash tips are currently subject to federal taxes.
The bill exempts “cash tips” from federal income tax by allowing taxpayers to claim a 100% deduction at filing for tipped wages.
Local business owners are speaking up on the proposed bill.
VR Score
71
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67
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