HR 558 · in committee · significant
Tip Tax Termination Act
- taxes
What this bill does
- Excludes up to $20,000 in tips from federal income tax for workers in service industries like food service and hospitality.
- Affects servers, bartenders, hairstylists, and other service workers who receive tips as part of their compensation.
- Requires IRS to adjust tax withholding procedures; exclusion expires after 2029.
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Community Threads
Started by Cosponsor
- 01
How would excluding $20,000 in tips from federal income tax affect the total tax burden on service workers compared to other wage earners?
- 02
What evidence supports that tip workers need this tax exclusion rather than other forms of wage or labor policy support?
- 03
If this exclusion expires in 2029, how might service workers plan for the tax increase when the temporary benefit ends?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-NE-2
Don Bacon
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-01-20
Legislative timeline
2025-01-20 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-01-20 · IntroReferral
Introduced in House
2025-01-20 · IntroReferral
Introduced in House
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