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International Business Times UK
International Business Times UK
World
Emma Clark

Understanding No Tax On Tips And Overtime Under Trump's Big Beautiful Bill: A Relief or Is There A Catch?

Donald Trump has delivered on two of his campaign promises with no taxes on overtime and no taxes on tips in his 'One Big Beautiful Bill Act,' but there are strings attached.

Trump has claimed that his bill 'prevents the largest tax hike in history and unleashes economic growth.' The bill was signed into law on Friday, containing two provisions that allow individuals to deduct tip wages and overtime from their taxes.

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