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The idea is politically popular, but the tax benefits may not go as far for low-income workers as many may think.
While it's unclear whether this version of the law would include a maximum deduction, another piece of legislation introduced earlier this year — the No Tax on Tips Act — capped the break at ...
The bill, introduced by Sen. Ted Cruz in January, could provide a tax deduction up to $25,000 for workers who receive tips ...
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