spot_img
13.5 C
London
HomeInvestors HealthStates That Could Soon Eliminate Tax On Tips

States That Could Soon Eliminate Tax On Tips



You may have heard about eliminating federal taxes on tips. Often earned by service workers, tips are taxable and reported as wages on an individual’s tax return. There is much debate about whether taxes on tips should stay or go. Some speculate that a potential tax exemption could help low-income workers, while others say it may lead to systemic abuse.

But how is your state weighing in on the tax on tips debate?



Source link

latest articles

explore more

LEAVE A REPLY

Please enter your comment!
Please enter your name here