Everything you need to know about the "No Tax On Tips Act" as a hairstylist or beauty pro so that you don't accidentally commit tax fraud... becuase you actually do still have to claim tips on your taxes.

Sources:

S. 129 - No Tax On Tips Act https://www.congress.gov/bill/119th-congress/senate-bill/129

IRS definition of tips https://www.irs.gov/businesses/small-businesses-self-employed/tip-recordkeeping-and-reporting#:~:text=Cash%20tips%20include%20tips%20received,directly%20and%20indirectly%20tipped%20employees.

PBA Economic Snapshot of the Salon Industry https://www.reginfo.gov/public/do/eoDownloadDocument?pubId=&eodoc=true&documentID=212246#:~:text=One%20in%20Three%20Salon%2DIndustry,of%20Labor%20Statistics;%202021%20data