Season 1 · Episode 80
80: "Big, Beautiful" Changes, Pt. 1: No Tax on Tips
October 3, 202520m 8s
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
True to President Trump's campaign promise, the "one big, beautiful bill" allows a limited deduction for tip income, but the mantra "no tax on tips" is not quite accurate. In this episode, McGlinchey Tax attorney Douglas Charnas (Washington) and McGlinchey Employment attorney Susan Desmond (New Orleans) discuss the new employee deduction for tips and employers' reporting responsibilities for these deductions.