IRS Releases Occupation List for “No Tax on Tips” Deduction
Discover how the new "No Tax on Tips" deduction under the OBBBA offers tax relief for tipped workers across 68 occupations, from bartenders to personal trainers, starting in 2025.
Discover how the new "No Tax on Tips" deduction under the OBBBA offers tax relief for tipped workers across 68 occupations, from bartenders to personal trainers, starting in 2025.
As of June 23, 2025, the Senate Finance Committee have released its version of the tax bill, aiming to match up with the House’s proposal that passed in May. Both versions extend major parts of the 2017 tax law and update certain business and individual tax breaks. But they take different approaches, and there are still some big differences to work through before anything becomes final. For taxpayers, it’s important to understand what each version includes in order to plan ahead, take advantage of new opportunities, and stay compliant.
The House Ways and Means Committee has released a new draft tax bill that would extend several provisions from the Tax Cuts and Jobs Act (TCJA), many of which are set to expire in the coming years. The proposal includes new and expanded incentives for businesses, updates to individual tax rates and deductions, and a range of temporary relief measures scheduled to run through 2028.
To ensure growth and sustainability, private clubs are developing new strategies to attract younger members. Learn how these clubs are using AI and other emerging types of technology to get the job done.
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