Episode 29: Big Beautiful Bill - H.R.1 No Tax On Tips

Written By Felicia Tanzi

The No Tax on Tips Act has officially passed as part of H.R. 1, and it could mean big changes for millions of tipped workers across the country. In this episode of Full Throttle Finance™, Felicia and Alli break down what this new tip deduction really means.


We cover:

  • Who qualifies for the $25,000 tip deduction (and who doesn’t)

  • What types of tips are eligible, including digital platforms like Venmo & Square

  • Why beauty industry employers just got a major tax win

  • How new IRS rules will change reporting, payroll, and compliance

  • Income phase-out thresholds and what to expect in 2026 and beyond


This deduction is only available between 2025 and 2028, and it’s not as straightforward as it sounds. We’re here to help you understand what’s changing, how it impacts your business or paycheck, and what to watch for next.

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Felicia Tanzi
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Episode 28: Paying The Crew - Contractor Or Employee