Roughly 6 million people reported income from tips on federal income tax returns in the past — and you can bet they’ll jump at the chance to see a bigger refund by claiming a new deduction on tip income on 2025 federal returns. We’re talking about waitstaff, food servers, fast food and counter workers, barbers and hairdressers. And bakers, blackjack dealers, babysitters, bingo workers…
A new temporary deduction allows eligible tipped workers to claim up to $25,000 on their 2025 federal tax returns, provided they file a specific form and meet income thresholds. Read More Make – Money Talks News
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