Trump's been doing a lot of stuff. I mean, we recently had the big beautiful bill. I've heard

them float that, you know, they're going to get rid of income tax for people making a certain

amount of money. I've seen people talking about it here in Vegas, about gambling, about tips.

Like, there's so many things going on. So let's talk about, like, what's already been approved

that people need to know. And let's talk about what could happen here in the near future.

Yeah. So the big beautiful act became the big beautiful bill, July 4th, 2025 when Trump was able to get the act signed into law.

Extremely patriotic that he was able to do it on our independence day. But what came was what we expected. Did we get

no taxes on tips? We didn't. What we ended up getting was the ability to deduct up to $25,000

of tipped income. So for many workers out here in Vegas, especially those that are working on the

gambling floor, they're able to deduct $25,000 on their tax bill every single year, as long as they're making under $150,000

if they're single or up to $300,000 if they're married filing joint. This was a huge benefit to

American taxpayers. Okay. So tax-wide, like they don't really need to track tips then. They just

get basically a $25,000 deduction yes you still have to report it

okay you're going to report your tipped income and this is why you're able to now deduct it on your federal

tax returns i see so if i'm making $100,000 and $25,000 of that $100 grand was tipped income i can

report it on my tax returns and now my taxable income is only $75,000 that's's huge. Yeah. Okay. So tax or tips, what are some other things?

We also now are able to deduct overtime pay. So for many taxpayers who are working overtime,

you used to not be able to deduct any overtime pay. You can now deduct up to $12,500 of overtime pay

if your adjusted gross income is $150,000 or less,

and up to $300,000 if you're married filing joint.

So for all of our overtime workers, you know, people that work for us too, Ryan,

they can deduct that on their tax returns and reduce their tax bill.

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