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(10,589 posts)

5. The wages/tips still have to be reported and Social Security Taxes paid. The Bill allows a deduction from income

Thu Jul 3, 2025, 10:13 PM

Jul 3

up to $25K I believe.

So, no, it does not hurt their retirement. Now a lot of other chit might.

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No Tax on Overtime & Tips - I Hope I'm Wrong [View all] NowISeetheLight Jul 3 OP

I think you are edhopper Jul 3 #1

And BOSSHOG Jul 3 #2

What percentage of tips left in cash are declared as income? MichMan Jul 3 #3

That's Rebl2 Jul 3 #4

Sounds right. Money under the table (i.e., not reported KPN Jul 3 #6

I don't think so FHRRK Jul 3 #7

I read that it is only for a two year period Lifeafter70 Jul 3 #9