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For the first time, small business owners in the beauty industry will be eligible to access the existing FICA tip tax credit, correcting a longstanding inequity in the US tax code.
May 14, 2025
By: Lianna Albrizio
Associate Editor
The Professional Beauty Association (PBA) commends Chairman Jason Smith (R-MO) for including Section 45B in the newly introduced tax reconciliation package — “The One, Big, Beautiful Bill.”For the first time, small business owners in the beauty industry will be eligible to access the existing FICA tip tax credit, correcting a longstanding inequity in the US tax code. The bill will go through the markup process in the House Ways and Means Committee. The Professional Beauty Association admonish...
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