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President Trump signs bill giving tax breaks to tipped workers but ends EV tax credit early.
President Trump signed a bill offering tax breaks for tipped workers and overtime pay, effective this year and expiring in 2028.
Tipped workers will see reduced federal income taxes, and overtime pay becomes deductible from taxable income, with limits for single and joint filers.
However, the bill also ends the electric vehicle tax credit early, in September, and is projected to increase the national debt.
Details on worker eligibility for these deductions are still unclear.
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El presidente Trump firma un proyecto de ley que otorga exenciones fiscales a los trabajadores con propinas, pero termina el crédito fiscal EV antes de tiempo.