From bartenders to plumbers, many Americans will receive tax relief over the next few years.
Treasury Secretary Scott Bessent testifies before the House Appropriations Committee in Washington on May 6, 2025. Kayla Bartkowski/Getty Images
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The Treasury Department has released a list identifying eight industries covered by the “no tax on tips” policy in the One Big Beautiful Bill Act.
President Donald Trump signed the Republican-led megabill on July 4, following through on a key campaign pledge of eliminating taxes on tipped income.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
