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Reply to "Anyone else going to start tipping 0 post OBBB? "
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[quote=Anonymous]Most tipped workers do not benefit from this at all. If any, it's the opposite. They got to pay taxes to be able to take all the deductions and credits they are allowed to take. I'm one of those low income tipped workers who has to add imaginary cash tip to get back money at tax time or I'd lose it because I didn't make enough. I'm thinking it benefits the government. Barely any money comes out of my paycheck, but it still get $5-$7k back for years. I file as a HH, take EIC, Savers credit, and tuition credit some years. Standard deduction alone is more than I made in most years. Yes, stop tipping because we don't pay the taxes we never had to pay. Found it: '...not having taxable earnings,reduces eligibility for tax credits'. Is it possible that SS payments will also be lower in the future? I don't think we understand yet that this is not a good deal for low income workers.[/quote]
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