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433 Who qualifies for ‘no tax on tips’ and what counts as a tip? Here are the new rules

Silicon Valley
Associated Press @ Silicon Valley · today 14:19 EDT

Who qualifies for ‘no tax on tips’ and what counts as a tip? Here are the new rules

Only tips reported to the employer and noted on a worker’s W-2, their end-of-year tax summary, will qualify. Payroll taxes, which pay for Social Security and Medicare, would still be collected along with state and local taxes.

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