The Treasury Department released a preliminary list of jobs eligible for President Donald Trump’s $25,000 “no tax on tips” deduction, and it had a few jobs that you might not expect.
Toni L. Sandys/The Washington Post via Getty Images
Despite gripes about the near-constant requests for tips in retail and services, Bankrate says more people are planning to give holiday tips this year than last.
Both Donald Trump and Kamala Harris support eliminating federal taxes on tips. It might attract votes from tipped workers, who make up 2.5% of the American labor force. But what would it mean for tax policy?