States Debate Adopting Trump Federal Tax Breaks
1 day ago
Lawmakers across the United States are weighing whether to adopt new federal tax breaks that cover tips, overtime, and certain business expenses.
The Trump administration is urging states to implement the cuts at the state level, but approaches vary. In some states, the tax breaks automatically apply unless legislatures opt out, while others require legislative approval before they take effect.
So far, Michigan is the first state to opt in, extending the federal tax breaks for tips and overtime to its residents. Other states are expected to make decisions in the coming months as legislative sessions get underway.
The Trump administration is urging states to implement the cuts at the state level, but approaches vary. In some states, the tax breaks automatically apply unless legislatures opt out, while others require legislative approval before they take effect.
So far, Michigan is the first state to opt in, extending the federal tax breaks for tips and overtime to its residents. Other states are expected to make decisions in the coming months as legislative sessions get underway.
