How Much Will Your Tax Refund Increase In 2026?
How Much Will Your Tax Refund Increase In 2026?
Labor unions urge Dems to reconnect with working-class voters. Pres. Trump (R) won many Culinary members over with his #NoTaxOnTips policy, passed into law via One Big Bill and begins Jan. 1. Read more → https://nevadapoliticaljournal.com/stories/nevada-unions-urge-democrats-to-reconnect-amid-republican-gains
Forbes: Trump Says $2,000 Tariff Rebates Will Come ‘Sometime’ Next Year
https://www.forbes.com/sites/saradorn/2025/11/15/trump-says-2000-tariff-rebates-will-come-sometime-next-year/
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#NoTaxOnTips before more pretty little nothing promises.
#Drumpf bait & switch alleged #American service industry workers would have #NoTaxOnTips but reality is far more convoluted, with list of professions even applicable for promised #IRS #income edge not to be finalized until October...
So far it appears that perhaps far less than 2% of #AmericanWorkers are likely to finally file and qualify
In General : Great #Gratuity Grab via #BigBeautifulBill will likely only cover up to $20k, and becomes a #refund only if employers reported the worker’s tips ahead of tax day on a Form W-2 or 1099 — with a copy going to the #employee and the IRS. Plus excluded from deal are musicians, actors or anyone reporting making more than $150k a yr.
This article attempts to clarify other deets what workers expecting #TrumpTaxRefunds will need to know
https://www.cnbc.com/2025/07/18/trump-big-beautiful-bill-no-tax-on-tips.html
social media #influencers just had a lot of their tax burden eliminated via the new "no tax on tips" rules.
it's the equivalent of 20-30 years ago implementing a policy of just handing out free money to every journalist in the country. i hate it but tbh it's kind of brilliant politics.
https://x.com/metzgov/status/1962923853971169663
#uspol #uspolitics #IRS #tax #taxes #Notaxontips #trump #MAGA #socialmedia #instagram #x #twitter #tiktok
#Trump’s #NoTaxOnTips BS probably won’t help tipped workers
Eliminating federal #taxes on #tips is just about the ONLY idea that Trump has to offer #workers’ pocketbooks.
The idea emerged almost out of nowhere in June, when Trump announced at a #Nevada rally that he supported a local waitress’s suggestion that workers shouldn’t pay taxes on tips. Under current #law, tips are treated the same as regular #wages are for #tax purposes.
https://www.washingtonpost.com/business/2024/08/13/trump-harris-tax-free-tips/