Here's how much the new "no tax on tips" deduction could save you
Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
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Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.
Mary has reported on climate, housing, elections, and small businesses for The Guardian, City Limits and local publications in Brooklyn and the Bronx. She holds a master's degree from the Craig Newmark Graduate School of Journalism at CUNY and a bachelor's degree from the College of the Holy Cross.
Prior to her career in journalism, Mary spent five years working in communications.
Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
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