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One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jodey Arrington (R-TX) on May 20, this tax bill supports the president’s tax and immigration agenda. The legislation includes: Making permanent the income and estate tax cuts passed in the Tax Cuts and Jobs Act of 2017 Waiving income taxes on cash tips, overtime pay and interest on some auto loans (ends 2028). The tip waiver would be a tax deduction of up to $25,000/year on cash-only tips for workers making less than $160,000/year; FICA taxes would still apply to tips. Temporarily increasing the standard deduction (ends 2028) Reducing the amount of income subjectRead More →

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One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jodey Arrington (R-TX) on May 20, this tax bill supports the president’s tax and immigration agenda. The legislation includes: Making permanent the income and estate tax cuts passed in the Tax Cuts and Jobs Act of 2017 Waiving income taxes on cash tips, overtime pay and interest on some auto loans (ends 2028). The tip waiver would be a tax deduction of up to $25,000/year on cash-only tips for workers making less than $160,000/year; FICA taxes would still apply to tips. Temporarily increasing the standard deduction (ends 2028) Reducing the amount of income subjectRead More →

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One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jodey Arrington (R-TX) on May 20, this tax bill supports the president’s tax and immigration agenda. The legislation includes: Making permanent the income and estate tax cuts passed in the Tax Cuts and Jobs Act of 2017 Waiving income taxes on cash tips, overtime pay and interest on some auto loans (ends 2028). The tip waiver would be a tax deduction of up to $25,000/year on cash-only tips for workers making less than $160,000/year; FICA taxes would still apply to tips. Temporarily increasing the standard deduction (ends 2028) Reducing the amount of income subjectRead More →

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One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jodey Arrington (R-TX) on May 20, this tax bill supports the president’s tax and immigration agenda. The legislation includes: Making permanent the income and estate tax cuts passed in the Tax Cuts and Jobs Act of 2017 Waiving income taxes on cash tips, overtime pay and interest on some auto loans (ends 2028). The tip waiver would be a tax deduction of up to $25,000/year on cash-only tips for workers making less than $160,000/year; FICA taxes would still apply to tips. Temporarily increasing the standard deduction (ends 2028) Reducing the amount of income subjectRead More →

Please follow and like us:

One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jodey Arrington (R-TX) on May 20, this tax bill supports the president’s tax and immigration agenda. The legislation includes: Making permanent the income and estate tax cuts passed in the Tax Cuts and Jobs Act of 2017 Waiving income taxes on cash tips, overtime pay and interest on some auto loans (ends 2028). The tip waiver would be a tax deduction of up to $25,000/year on cash-only tips for workers making less than $160,000/year; FICA taxes would still apply to tips. Temporarily increasing the standard deduction (ends 2028) Reducing the amount of income subjectRead More →

Please follow and like us:

One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jodey Arrington (R-TX) on May 20, this tax bill supports the president’s tax and immigration agenda. The legislation includes: Making permanent the income and estate tax cuts passed in the Tax Cuts and Jobs Act of 2017 Waiving income taxes on cash tips, overtime pay and interest on some auto loans (ends 2028). The tip waiver would be a tax deduction of up to $25,000/year on cash-only tips for workers making less than $160,000/year; FICA taxes would still apply to tips. Temporarily increasing the standard deduction (ends 2028) Reducing the amount of income subjectRead More →

Please follow and like us:

One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jodey Arrington (R-TX) on May 20, this tax bill supports the president’s tax and immigration agenda. The legislation includes: Making permanent the income and estate tax cuts passed in the Tax Cuts and Jobs Act of 2017 Waiving income taxes on cash tips, overtime pay and interest on some auto loans (ends 2028). The tip waiver would be a tax deduction of up to $25,000/year on cash-only tips for workers making less than $160,000/year; FICA taxes would still apply to tips. Temporarily increasing the standard deduction (ends 2028) Reducing the amount of income subjectRead More →

Please follow and like us:

One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jodey Arrington (R-TX) on May 20, this tax bill supports the president’s tax and immigration agenda. The legislation includes: Making permanent the income and estate tax cuts passed in the Tax Cuts and Jobs Act of 2017 Waiving income taxes on cash tips, overtime pay and interest on some auto loans (ends 2028). The tip waiver would be a tax deduction of up to $25,000/year on cash-only tips for workers making less than $160,000/year; FICA taxes would still apply to tips. Temporarily increasing the standard deduction (ends 2028) Reducing the amount of income subjectRead More →

Please follow and like us:

One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jodey Arrington (R-TX) on May 20, this tax bill supports the president’s tax and immigration agenda. The legislation includes: Making permanent the income and estate tax cuts passed in the Tax Cuts and Jobs Act of 2017 Waiving income taxes on cash tips, overtime pay and interest on some auto loans (ends 2028). The tip waiver would be a tax deduction of up to $25,000/year on cash-only tips for workers making less than $160,000/year; FICA taxes would still apply to tips. Temporarily increasing the standard deduction (ends 2028) Reducing the amount of income subjectRead More →

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