HR. 558In Committee
Tip Tax Termination Act
Plain-English overview
What this bill does
Exclude up to $20,000 in eligible tip income from federal gross income through 2029 and adjust related tax withholding and credit rules
Key points
- Require IRS withholding changes
- Limit tax deduction treatment
- Exclude eligible tip income
- Extend exclusion
Current status
Where it stands
Status
In Committee
Latest action
2025-01-20 — Referred to the House Committee on Ways and Means.
Related context
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Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.