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No tax on your tips? See the list of occupations
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No tax on your tips? See the list of occupations

Individuals

No tax on your tips? See the list of occupations

As you might be aware, if you work in certain industries and receive tips, those tips might not be subject to taxes. The IRS released a preliminary document with several major categories: Beverage & Food Service Entertainment & Events Hospitality & Guest Services Home Services Personal Services Personal Appearance & Wellness Recreation & Instruction Transportation

By Victor Garrido, CPA, EA|2025-09-26T01:40:18+00:00September 15th, 2025|Categories: Individuals|Tags: $25k, barista, bartender, food delivery, housekeepers, nails, out, phase, server, tax, taxi, tips, waiter|

Saver’s Match – Expanded from 2027 with contribution from Treasury
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Saver’s Match – Expanded from 2027 with contribution from Treasury

Individuals

Saver’s Match – Expanded from 2027 with contribution from Treasury

Back in 2022, the Secure Act 2.0 was passed and made numerous changes in retirement plans and individual retirement plans, included in the over 90 provisions, there was a Saver's credit to be applicable from 2027. The interesting part about this provision is that from 2027, "... by making annual contributions of up to $2,000

By Victor Garrido, CPA, EA|2025-01-12T07:52:10+00:00November 25th, 2024|Categories: Individuals|Tags: Accounting services near me, Act. 2.0, CPA near me, expanded, expansion, match, out, phase, savers, Secure, treasury|

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