S. 4621 aims to modify the Internal Revenue Code of 1986 to eliminate income tax on cash tips received by individual taxpayers. It introduces a new deduction for cash tips included in reports to employers, allowing even those who do not itemize their deductions to benefit....
Simple Explanation
S. 4621 is a plan to change the rules so that people won't have to pay income tax on cash tips they get at work. This means that waiters, hairdressers, and others who earn tips can keep more of their money without it being taxed.