Re:TurboTax’s 20-year fight to stop Americans from filing ta...
by rtkwe on Thursday October 16, 2025 @11:53AM
(#45606938)
The tip tax credit is only for businesses though right? That's all I'm finding when I search for tip tax credit, so that's not a factor for individual filers. Senior credit is a bit more but it's still relatively simple to claim. That would also be pretty trivial under the government prepared initial return scenario too.
[ Parent
| on HN ]
Re:TurboTax’s 20-year fight to stop Americans from filing ta...
by sgerenser on Thursday October 16, 2025 @08:10PM
(#45612128)
No it’s a deduction on personal income taxes for up to $25,000 in tip income, newly added by Trump’s “Big Beautiful Bill.” https://www.thetaxadviser.com/news/2025/sep/details-on-irs-p...
Re:TurboTax’s 20-year fight to stop Americans from filing ta...
by rtkwe on Friday October 17, 2025 @10:36AM
(#45617283)
Ok I just got confused because there is such a think as the "tip tax credit" as well which is an employeer side tax credit for tips above the catchup required to hit the true minimum wage.
https://www.irs.gov/businesses/small-businesses-self-employe...