Tax
Tax on Tips
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 5
Pending: 5
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Tipped employees can claim a new tax deduction with a maximum of $25,000 for 'no tax on tips'.
"Another group of people that are going to be affected by this will be tipped employees because of th..."
Sep 2, 2025
Incorrect
Tipped income will be tax-free up to $25,000 per year for tax years 2025 through 2028.
"Tipped income will be taxfree up to $25,000. So this no tax on tips will be in effect from tax years..."
Jun 30, 2025
Incorrect
The tax-free benefit for tips is capped at $25,000 per individual.
"the maximum you could claim is $25,000. So, anything beyond this is not taxfree."
May 27, 2025
Incorrect
A new tax plan may eliminate taxes on tips for eligible individuals.
"you could get no tax on tips"
May 27, 2025
Incorrect
A provision in the new tax plan aims to make tips tax-free under specific conditions.
"No tax on tips."
May 27, 2025
Incorrect
A proposed tax deduction for tip income, potentially making tip earnings tax-free.
"if you were to get $5,000 in tips you would get a $5,000 deduction on your tax return and then all o..."
Feb 7, 2025
Pending
Prediction of a phased-out deduction for tip income, likely capped at a certain percentage of gross income.
"I have a feeling that if this passes we're likely to see a deduction on tips up to a certain percent..."
Feb 7, 2025
Pending
Potential changes to tax treatment of tips, possibly exempting them from income tax or providing a deduction.
"if past this would either change the definition of tips so that it's not treated as income provide a..."
Feb 7, 2025
Pending
Kamala Harris is considering removing income taxes on tips earned by service workers.
"third she said on her campaign tour that she's interested in removing the income taxes on the money ..."
Aug 30, 2024
Pending
Donald Trump proposes to cut or eliminate taxes on tips.
"he says that he wants to cut or eliminate taxes on tips which would benefit bartenders and waiters"
Aug 30, 2024
Pending