#Drumpf bait & switch alleged #American service industry workers would have #NoTaxOnTips but reality is far more convoluted, with list of professions even applicable for promised #IRS #income edge not to be finalized until October...
So far it appears that perhaps far less than 2% of #AmericanWorkers are likely to finally file and qualify
In General : Great #Gratuity Grab via #BigBeautifulBill will likely only cover up to $20k, and becomes a #refund only if employers reported the worker’s tips ahead of tax day on a Form W-2 or 1099 — with a copy going to the #employee and the IRS. Plus excluded from deal are musicians, actors or anyone reporting making more than $150k a yr.
This article attempts to clarify other deets what workers expecting #TrumpTaxRefunds will need to know
https://www.cnbc.com/2025/07/18/trump-big-beautiful-bill-no-tax-on-tips.html