HR 7870 118th Congress House Taxation

Tip Tax Termination Act

Introduced: April 5, 2024 Introduced by: Bacon, Don Republican · Nebraska See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 5, 2024

Referred to the House Committee on Ways and Means.

Apr 5, 2024

Introduced in House

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Plain-English summary Congressional Research Service

Tip Tax Termination Act

This bill excludes from gross income, for income tax purposes, eligible tips not exceeding $20,000 in a taxable year. The bill defines eligible tips as amounts received by a taxpayer while performing services in a position that generally relies on tips as part of wages, including cosmetology, hospitality, and food service. This tax exclusion terminates with respect to tips received after 2028.

What's happening now April 5, 2024

Referred to the House Committee on Ways and Means.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

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APA

U.S. Congress. (2026). H.R. 7870: Tip Tax Termination Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-7870/

MLA

"H.R. 7870: Tip Tax Termination Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-7870/.

Bluebook (legal)

H.R. 7870, 118th Cong. (2026), https://openamerica.io/bill/118-HR-7870/.

Markdown link

[H.R. 7870: Tip Tax Termination Act](https://openamerica.io/bill/118-HR-7870/)