The federal government has shed light on which tips would be eligible for a proposed tax deduction in the "no tax on tips" initiative contained in the Trump administration's so-called One, Big, Beautiful Bill , though a list of definitive guidelines has yet to be finalized.

The Department of the Treasury and the Internal Revenue Service (IRS) are inviting the public to comment on the proposed regulations through October 23.

What Is 'No Tax on Tips'?

"No tax on tips" has been a pillar of President Donald Trump 's economic agenda since the lead-up to the 2024 presidential election, when he launched the idea as a way of helping millions of Americans nationwide at a time of growing financial instability.

The idea is to eliminate federal taxes on tipped income for eligible workers. T

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