Self-employment tax requires you to pay 15.3% of your total earnings. This tax is levied to pay into Social Security and ...

After working as a restaurant host and server, Joel Almanza gave bartending a try 15 years ago and fell in love with the role ...

A proposal to eliminate federal taxes on tips, known as the "No Tax on Tips Act," is gaining attention on Capitol Hill.

Trump said on Wednesday he is going to work with Republicans in Congress to significantly reduce taxes for individuals and ...

On Thursday, Rep. Steven Horsford (D-Nev.) reintroduced the TIPS Act, a bill first introduced last year that not only seeks ...

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily.

The primary function of the FICA tip credit is to alleviate the financial strain on employers by offsetting the FICA taxes ...

Ending taxes on tips gained steam after President Donald ... with only about 2.5% of U.S. workers receiving a tip in 2023, according to Yale University's Budget Lab. Still, the tax savings could ...