Maximum deduction: $25,000 per year, phased out for taxpayers with income above $150,000 (single) or $300,000 (joint). The deduction is above-the-line, available even to those who do not itemize. Must ...

Critics across the political spectrum have argued that “No Tax on Tips,” which had bipartisan support, is a misguided attempt to help low-wage workers and violates tax equity principles. American ...