No more tax on tips?
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It’s, it’s a huge deal. This, this, no tax on tick for most of our clients. I don’t know what your thoughts on, on that.
This will be a deduction that will be on federal income tax and there’ll probably be some new wrinkles, I imagine as far as W2 reporting those tips and how that impacts the personal income tax return.
It’ll probably be a new look of the 1040, the individual income tax return to sort through all that. You know, restaurants will, you know, look at some ways to, you know, figure out how to account for tips going forward with this new rule.
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