The deduction ends after tax year 2028
What the document says“No deduction shall be allowed under this section for any taxable year beginning after December 31, 2028.”
The section ends the deduction for any taxable year beginning after December 31, 2028. It also requires the Secretary to write regulations or other guidance to stop income being reclassified as qualified tips and to prevent abuse of the deduction.
What the document actually says“No deduction shall be allowed under this section for any taxable year beginning after December 31, 2028.”
No break is given for a tax year that begins after December 31, 2028.
So the deduction runs for four tax years. Congress must act again to keep it. The Secretary must also write rules against abuse.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.