
Money
What Is the 'No Tax on Tips' Deduction?
The new federal tip deduction lets qualifying workers deduct 100% of their tip income. Here's who qualifies and how to claim it.
Jordan Mitchell·

The new federal tip deduction lets qualifying workers deduct 100% of their tip income. Here's who qualifies and how to claim it.

Holiday tips typically equal one week to one month of regular service cost: mail carriers can receive up to $20, housecleaners one session's pay, and teachers a $25-50 gift.