Young and the Invested on MSN

No tax on tips? Not so fast!

The tip deduction doesn’t completely eliminate taxes on tips. The deductible amount is limited, it isn’t available to every ...
Learn how the new 'No Tax on Tips' deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work ...
The Treasury has released a preliminary list of jobs that qualify for the new tip deduction. A whopping 68 occupations, including podcasters and bakers, made the list—some of them may surprise you.