>>Senate Passed 'No Tax on Tips Act' Which Could Mean Some American Families Missing Out On EITC
(Undated) -- A piece of legislation gaining more support in Congress has experts warning some Virginians how it could actually be taking more money out of their pockets. Katie Gray explains.Preview: SCRIPT:Preview: Says Law professor Alex Zhang about The Senate passing the No Tax on Tips Act on Tuesday. If enacted as is, the legislation would create a federal income tax deduction of up to $25,000 per year, with some limitations.
Which could disqualify filers who depend on the earned income tax credit.Preview: The No Tax on Tips Act moves to House for consideration.