LAS VEGAS (KLAS) — If someone flips you a casino chip as a tip, it will qualify as a deductible tip under new federal rules for the “No Taxes on Tips” program, according to U.S. Treasury officials.
The definition of “cash tips” covers a wide range, including debit and credit cards, checks, mobile payment methods. With the uncertainty emanating from executive orders and other policies that have taken months to clarify, a tight definition of cash could have been a killer for the hospitality industry in Las Vegas.
Stories still circulate about $100 chips left in church offering plates, but counter to what a lot of people think, Las Vegas residents don’t pay for groceries with casino chips…