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'Big, beautiful bill' includes tax breaks for tips and overtime: Who benefits?

On HALO

5 hours ago

The Republican tax reform law that President Donald Trump signed into law earlier this month is in the process of being implemented, including provisions that give tax relief to workers receiving tips and overtime.Trump signed the One Big Beautiful Bill Act (OBBBA) into law July 4, which extended a variety of tax cuts set to expire at the end of this year and created some new tax breaks. Among those are the provisions related to tipped income and overtime after the president made "no tax on tips" and "no tax on overtime" a feature of his campaign's economic platform.The Treasury Department and...

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5 hours ago
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