#tips-deduction

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#tax-policy #creator-economy #digital-creators #digital-content-creators #tax-legislation
fromMorning Brew
1 day ago

Appreciate the (tax free) dono, chat

The deduction is capped at $25,000 for any single filers making up to $150,000 per year, which is great news for anyone who says "like and subscribe" for a living: Most creators earn below the $150,000 mark, per the Creative Class Group. A 2024 study from the Creative Class Group showed that more than a quarter of US-based influencers with at least 100,000 followers reported earning tips.
US politics
Digital life
fromThe Hollywood Reporter
2 days ago

"No Tax On Tips" Includes Digital Creators, Too

U.S. Treasury now classifies digital content creators as tip-eligible, enabling a capped tax deduction for tip income and potentially shifting creator monetization strategies.
US politics
fromFast Company
2 months ago

No tax on tips or overtime, with a catch: What to know as Trump's Big Beautiful Bill passes the Senate

The Senate passed Donald Trump's legislation, including new tax write-offs for tips and overtime pay, which is set to expire at the end of 2028.
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