BREAKING: 45B FICA Tip Tax Credit Back in Federal Tax Bill

Disclaimer: This is an ongoing story. Details may change as the bill moves through Congress. Read the latest update as of July 7, 2025: Congress has officially passed the 45B FICA Tip Tax Credit including salons, spas and barbershops.  Beauty Business Owners Could Soon Qualify For The “No Tax on Tips” Act Tax Credit After years of being left out, the beauty industry is one step closer to getting the recognition and financial relief it deserves. The 45B FICA Tip Tax Credit, a long-standing tax provision that has benefited restaurant and bar owners for decades, is finally back on track (more…)