'No Tax on Tips' apparently also applies to your favorite streamer
Streamers, YouTubers and other content creators are eligible for the new "No Tax on Tips" policy in the One Big Beautiful Bill Act President Donald Trump signed into law on July 4, 2024. "Digital Content Creators" are included in a preliminary list of occupations that are eligible for the new tax deduction on tips the US Treasury Department released last week. That means a podcaster could receive the same tax relief as a waiter or bartender.<br /> Under that guidance, the "Bits" received during a Twitch stream or the "Super Thanks" a YouTuber receives for a great upload could go untaxed when next year's tax season rolls around. As The Hollywood Reporter notes, though, there are limits to how much of that tipped income will be deducted — [...]
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