The Senate passed a bill that would create a tax deduction for tips. Here's what to know about the No Tax on Tips Act and how much workers could save.

The Senate passed a bill on Monday which aims to eliminate taxes on tips in the United States. While it still has a long road before it takes effect, here's what Tennesseans should know.

Nevada Sen. Jacky Rosen pushed through Sen. Ted Cruz's legislation, fulfilling a key Trump campaign promise for service workers.

President Donald Trump's “ no tax on tips ” pledge became a catchphrase for his 2024 campaign. Now it's inching closer to reality. The idea is firmly planted in the sprawling tax cuts package Republicans are hashing out in the House and aiming to pass in the coming days.

President Trump is floating the idea of increasing taxes on the ultra wealthy who make $2.5 million annually from 37% to 39.6% to cover areas like immigration and military without cutting Medicaid.