Will 'no tax on tips' become law this year?
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ALL
Before 2026
$341,744vol
Order book
Rules summary
If a bill becomes law that establishes 'no tax on tips' before 2026 then the market resolves to Yes. Outcome verified from Library of Congress.
The Payout Criterion for the Contract encompasses the Expiration Values that
a bill has become law which:
(1) Changes the definition of tips in the Internal Revenue Code so they are not considered
income at all; (2) Continue to define tips as income, but provide for a tax exemption or exclusion; or
(3) Continue to define tips as income and initially include tips in taxable income, but provide
for a deduction when the taxpayer files their taxes in the spring. Timeline and payout
Will 'no tax on tips' become law this year?
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