Here's Who Would Save Money With Trump's Plan To Eliminate Taxes On Tips

insider@insider.com (Juliana Kaplan), Business Insider
Tue, 01/07/2025 - 2:00am

Donald Trump has once again called to end taxes on tips.Anna Moneymaker/Getty ImagesPresident-elect Donald Trump signaled on Sunday that one of his first big moves will be ending taxes on tips.The proposal would likely impact a small segment of workers in the US.Those workers are likely to be younger and to work in the restaurant industry.Gen Zers, waiters, bartenders, and delivery workers might end up with a lower tax burden if President-elect Donald Trump gets his way.In a Sunday post on Truth Social, Trump said, "Members of Congress are getting to work on one powerful Bill," that will eliminate taxes on tips as part of a wider push to extend the tax cuts passed in his first term.

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