Virginia Gov. Glenn Youngkin has unveiled a proposal to exempt tips from Virginia's state income tax, potentially putting more money back into the pockets of hundreds of thousands of workers.
The proposed tax break is part of a broader initiative by the Youngkin administration to lower the cost of living for Virginia residents. Since taking office, the governor claims to have delivered over $5 billion in tax relief. (Youngkin's term ends on January 15, 2026 and he cannot seek reelection, so 2025 is a key election year in the Commonwealth.)
