Overview
- At a Thursday roundtable in Las Vegas, Trump promoted “no tax on tips” and “no tax on overtime” to local service and public-safety workers at the AC Hotel.
- Treasury and the White House report that more than 53 million filers used at least one new provision this season, including over 6 million who claimed the tips deduction, and the average refund topped about $3,400.
- The law lets eligible workers deduct up to $25,000 in tips and up to $12,500 in overtime, and the benefit phases out for higher earners and ends in 2028.
- Gasoline near $5 a gallon in Nevada after the Iran war’s supply shock has eroded the value of bigger refunds, with analysts saying higher fuel costs can offset the tax gains for months.
- Nevada Gov. Joe Lombardo did not appear publicly with Trump, and Republican strategists say the war’s economic fallout is raising fears about holding House and Senate majorities in November.