Former President Donald Trump’s proposal to exempt tips from federal income and payroll taxes might sound like a windfall for service workers, but it’s a costly illusion that undermines fair tax ...

Gov. Glenn Youngkin’s proposal to exempt tipped income from state taxes — like President-elect Donald Trump’s on a national level — could help some low-wage workers. However, it also poses risks for ...

Earlier this week, Vice President Kamala Harris, campaigning in Nevada, endorsed exempting tips from the individual income tax. This follows former President Donald Trump’s proposal last month to do ...

Only a handful of all employees and fewer than 60% of tipped workers would benefit from proposals to exempt gratuities from federal income tax, according to a new Tax Policy Center analysis. Both ...

The bipartisan push to eliminate taxes on tips has been touted as a way to help people keep more of their hard-earned money. But some economists warn that it could encourage employers to reduce hourly ...

Donald Trump said he’d consider exempting police officers, firefighters, active duty military and veterans from paying taxes, the Republican nominee’s latest campaign trail idea to deliver tax breaks ...