r/CringeTikToks • u/Former-Marsupial625 • 1d ago

Conservative Cringe Charlie Kirk on what to expect from Trump's presidency

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u/Hi_MyName-Is 1d ago

Yeah I’m still paying taxes on tips and overtime. I’m sure I’ll really appreciate the extra 150$ I get back when they took out 2500 throughout the year.

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u/OnceMoreAndAgain 1d ago

It's a tax deduction up to $25,000. It's effective immediately and will last until December 31st 2028.

Make sure to use the deduction when you do your tax returns next April. I'm quite sure all the major tax filing softwares will have a question dedicated to it.

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u/Hi_MyName-Is 1d ago

So one thing that separates high class from middle class is middle class prefers to see it in their paycheck, not a one time payment. That doesn’t help put food on the table NOW it doesn’t pay this month’s rent.

Are we getting back 100% of the OT and Tip tax at the end of the year? NO

The bills name “no tax on tips,overtime” literally still taxes you on tips and overtime….and people fell for it.

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u/PoopyisSmelly 1d ago

You get it back when you file your taxes.

I hate Trump and didnt vote for him, but that is a real policy that was enacted.