WASHINGTON (AP) — The Treasury Department has released a preliminary list of jobs exempt from income tax on tips, including food service, concierge, and salon workers. Surprisingly, podcasters and digital content creators are also included. This move fulfills a campaign promise by President Donald Trump, part of a tax and spending law signed in July. The provision is temporary, expiring in 2028, and applies to those earning less than $160,000 in 2025. Only tips reported on a worker’s W-2 qualify. Analysts project the provision could increase the deficit by $40 billion through 2028. Public opinion on the law is mixed.… Continue Reading
