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Updated 6 days ago, 12/31/2024
John UnderwoodPoster
#1 Short-Term & Vacation Rental Discussions Contributor
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- Greer, SC
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No tax on Tips for Rental Income
So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.
50% reduction in rent.
Previous 50% made up from a mandatory nontaxable tip. This will be for my excellent service as a landlord.
Just like a restaurant does when you have a party of 8 or more - they add a mandatory tip.
Doubt there will be any laws against this, at least initially.