Senate Passes 'No Tax on Tips' Act in Unanimous Vote
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In a surprising move on May 20, 2025, the U.S. Senate passed the "No Tax on Tips" Act with a unanimous vote, fulfilling a campaign promise by former President Donald Trump and receiving bipartisan support. The "No Tax on Tips" Act, introduced by Senator Ted Cruz (R-TX) on January 16, 2025, seeks to exempt cash tips from federal income tax. The bill allows taxpayers to claim a 100% deduction for cash tips received during the taxable year, up to a maximum of $25,000. To qualify, the tips must be
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