Golf caddies, blackjack dealers and house painters are among the jobs covered under the Trump administration’s preliminary list of occupations not required to pay income tax on their tips under Republicans’ new tax cuts and spending bill.
A bit more unexpected? Podcasters and social media influencers will also be excluded from forking over a portion of their tips, according to the list released Tuesday by the Treasury Department.
The provision in the law signed by President Donald Trump in July eliminates federal income taxes on tips for people working in jobs that have traditionally received them. It’s temporary and runs from 2025 until 2028. It applies to people who make less than $160,000 in 2025.
The Yale Budget Lab estimates that there were roughly 4 million workers in tipped occupations in 2023, which amounts to roughly 2.5% of all jobs.
The administration was required to publish a list of qualifying occupations within 90 days of the bill’s signing. The full list of occupations is located on the Treasury Department website.
They are broken down into eight categories, including beverage and food service; entertainment and events; hospitality and guest services; home services; personal services; personal appearance and wellness; recreation and instruction; and transportation and delivery.
Among other jobs exempted from tax on tips are sommeliers, cocktail waiters, pastry chefs, cake bakers, bingo workers, club dancers, DJs, clowns, streamers, online video creators, ushers, maids, gardeners, electricians, house cleaners, tow truck drivers, wedding planners, personal care aides, tutors, au pairs, massage therapists, yoga instructors, cobblers, skydiving pilots, ski instructors, parking garage attendants, delivery drivers and movers.
A report from the Budget Lab shows that the effects of the law would be small, given that tipped workers tend to be lower income. More than 37% of tipped workers, or over one third, earned income low enough that they faced no federal income tax in 2022.
“The larger and far more uncertain effect would stem from behavioral changes incentivized by the bill, such as substitution into tipped employment and tipped income, which would increase the bill’s overall cost,” states the report, which was written by Ernie Tedeschi, the director of economics at the Budget Lab.
Congressional budget analysts project the “No Tax on Tips” provision would increase the deficit by $40 billion through 2028. The nonpartisan Joint Committee on Taxation estimated in June that the tips deduction will cost $32 billion over 10 years.
Only tips reported to the employer and noted on a worker’s W-2, their end-of-year tax summary, will qualify. Payroll taxes, which pay for Social Security and Medicare, would still be collected along with state and local taxes.
Polling shows Americans have panned the big bill. Half U.S. adults expect the new tax law will help the rich, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Most — about 6 in 10 — think it will do more to hurt than help low-income people.
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The Powerball jackpot has jumped to an eye-popping $1.7 billion, after yet another drawing passed without a big winner Wednesday.
The numbers selected were: 3, 16, 29, 61 and 69, with the Powerball number being 22.
Since May 31, there have been 41 straight drawings without a big winner.
The next drawing will be Saturday night, with the prize expected to be the third-largest in U.S. lottery history.
Powerball’s terrible odds of 1 in 292.2 million are designed to generate big jackpots, with prizes becoming ever larger as they repeatedly roll over when no one wins. Lottery officials note that the odds are far better for the game’s many smaller prizes. There are three drawings each week.
The estimated $1.4 billion jackpot from Wednesday night’s drawing would have been for a winner who had opted to receive 30 payments over 29 years through an annuity. Winners almost always choose the game’s cash option, which would have been an estimated $634.3 million.
The cash option for Saturday night’s drawing is an estimated $770.3 million.
Powerball tickets cost $2 and the game is offered in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
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(Bloomberg) — Canada and the U.S. agreed to hold technical talks on sectoral tariffs after officials met with Commerce Secretary Howard Lutnick last week, said Canadian cabinet minister Dominic LeBlanc.
LeBlanc gave few details, but said the two sides decided to “pursue technical discussions” regarding “different sectors where Canada believes we can come to an agreement that would be in the economic interest of both countries.”
Canada is facing punishing American tariffs on its steel, aluminum, auto and lumber exports, but LeBlanc declined to say whether quota limits in those sectors are part of the negotiations.
Still, he said the discussions continued this week in Washington, led by Canada’s top civil servant, Michael Sabia.
The talks are focused on reaching “common understandings” about options that may ultimately form “a series of small deals that cumulatively would put us in a better position than right now,” said LeBlanc, who is the minister responsible for U.S. trade and led the meeting with Lutnick last week.
On Wednesday, Carney told reporters he had a “very constructive” conversation with U.S. President Donald Trump earlier in the week and believes they can reach agreements on some tariff-affected industries. “Don’t expect immediate white smoke on one of these strategic sectors, but that’s the type of conversation that we’re having,” Carney said.
Industry Minister Melanie Joly told reporters that more support for these sectors is coming from the government, and pointed to the need for steel mills to pivot toward supplying products for Canada’s domestic market. She cited housing construction, port expansions, railroads and shipbuilding projects as examples.
Steel mills are “the crown jewels of our manufacturing sector,” Joly said, adding that Canadian national security includes having steel manufactured in the country.
Update 9/4/25: Available again, not entirely sure why this was marked as expired.
Offer at a glance
Maximum bonus amount: $100
Availability: Nationwide
Direct deposit required: No
Additional requirements: See below
Hard/soft pull: Soft
ChexSystems: Yes (comments here suggest they might be Chex sensitive)
Credit card funding: None
Monthly fees: None
Early account termination fee: None
Household limit: None
Expiration date: None
The Offer
Direct link to offer
CIT Bank is offering a $100 bonus when you open a new checking account and complete the following requirements:
Use promo code EC2025
Deposit at least $2,500 or more within 30 days
The Fine Print
See full terms here
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
This account has no monthly fees to worry about.
Our Verdict
Always nice to see an easy bonus like this. CIT Bank frequently has savings offers, it’s also nice that this works for existing eChecking account holders. We will add this to our best bank account bonuses.
Hat tip to ShawntheShawn
Useful posts regarding bank bonuses:
A Beginners Guide To Bank Account Bonuses
Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
PSA: Don’t Call The Bank
Introduction To ChexSystems
Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
What Banks & Credit Unions Do/Don’t Pull ChexSystems?
How To Use Our Direct Deposit Page For Bank Bonuses Page
Common Bank Bonus Misconceptions + Why You Should Give Them A Go
How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
Affiliate Links & Bank Bonuses – We Won’t Be Using Them
Complete List Of Ways To Close Bank Accounts At Each Bank
Banks That Allow/Don’t Allow Out Of State Checking Applications
There are many reasons due to which businesses fail to grow in India is the lack of exactly needed innovation to cater to the problem of customers, businesses unable to know the exact taste and preference of their customers. In some businesses managing business management (in Hindi) is one of the important tasks to do.
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Sometimes there is also a lack of innovation to invent a new product which can make customers’ life easy by understanding their needs and demands.
Why 99% Business always struggle By CA Rahul Malodia. Main reason behind the failure of a business entrepreneurs is not Focussing On their Targeted Audience
Having a brilliant idea is one thing, but putting it across for the reach of customers is very important. When businesses only focus on developing a product or service without knowing what their consumers want, it leads the startup towards disaster.
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Have you heard of Nano Banana edits? Those trending new AI-edited photos?
Well, there’s been a lot of talk about it recently, and whether you’re in business, personal development, or any other field, Google AI Studio’s recent updates are incredibly exciting. The potential of these tools is enormous, and I wanted to break down what’s new and how it can benefit you (or how you can have fun with it).
Whether you’re creating content, managing your workflow, or just trying to streamline tasks in your daily life, here’s why the new Google AI Studio is amazing for you.
Disclaimer: While these are general suggestions, it’s important to conduct thorough research and due diligence when selecting AI tools. We do not endorse or promote any specific AI tools mentioned here. This article is for educational and informational purposes only. It is not intended to provide legal, financial, or clinical advice. Always comply with HIPAA and institutional policies. For any decisions that impact patient care or finances, consult a qualified professional.
Nano Banana: Precision Image Editing
Let’s start with Nano Banana, a cutting-edge tool for precise image editing that’s designed to save you time and help you produce professional-quality visuals with ease.
What’s cool about it?
You can keep the look and feel of characters or designs consistent across multiple images, ensuring your visual content looks seamless.
Multi-image fusion allows you to blend different images into one cohesive piece, which is perfect if you’re working on design projects or any task that requires a mix of visuals.
Real-time adjustments make the editing process faster and more efficient, giving you the freedom to try new things on the fly without losing quality.
How can this help you?
Whether you’re creating graphics for a business presentation, designing social media posts, or putting together a personal project, Nano Banana will speed up the creative process and help you deliver polished results without needing advanced design skills.
What You Can Try Today
Try editing your own photo with Nano Banana by giving specific instructions on how you’d like it to be modified. This tool uses AI to enhance and generate the perfect image based on your requests. Note: Only use images you’re comfortable sharing with AI.
Step-by-Step Guide:
Sign in to Google AI Studio and select Nano Banana for image editing.
Upload your photo: Choose a personal photo you’d like to edit (this could be a portrait, landscape, or any image you want to enhance).
Give specific instructions on how you’d like to edit the image:
“Make the background blurrier and focus more on the subject in the foreground.”
“Enhance the colors in the image to make the sunset look more vibrant.”
“Remove the people in the background and make it look like a clear sky.”
“Turn the image into a black-and-white photo but keep the red shirt in color.”
Apply the changes: Let the AI make the adjustments based on your instructions. You’ll see how it automatically modifies the image to fit your requests.
Export your edited image: Once you’re happy with the edits, download your newly enhanced image.
URL Context Tool: Real-Time Web Data
Next, Google AI Studio has introduced URL Context Tool, which enables you to pull real-time data directly from websites, integrating relevant and up-to-date information into your projects.
What’s cool about it?
It allows AI to analyze and integrate context directly from URLs, providing you with the latest and most relevant data available online.
Whether you’re writing blog posts, drafting reports, or creating marketing content, this tool ensures that everything you create is grounded in the most current information.
It improves the accuracy and relevance of your content by making sure it’s aligned with ongoing trends or up-to-date research.
How can this help you?
From improving your research capabilities to creating compelling content, the URL Context Tool gives you a dynamic way to bring real-time data into everything you do. Imagine being able to write more informed blog posts or marketing copy that speaks to what’s happening in the world right now. Whether you’re writing a newsletter, building a business proposal, or even working on a research paper, this tool will make your work smarter.
What You Can Try Today
Use the URL Context Tool to enhance your writing, research, or any content creation by integrating real-time, relevant data directly from the web.
Step-by-Step Guide:
Sign in to Google AI Studio and open the URL Context Tool.
Pick a topic: For example, let’s say you’re writing about “sustainable living.”
Find a relevant URL (like a news article or blog post on sustainability).
Input the URL into the tool, and let it pull context and data from the page.
Generate content: Ask the AI to help you write a short summary, blog post, or article that incorporates the data from the URL. You can also request it to create bullet points with the main ideas from the page.
Native Speech Generation: Breathing Life into Your Text
One of the most interesting updates is Native Speech Generation, which turns your written text into lifelike speech, capturing emotion, tone, and pacing.
What’s cool about it?
This isn’t your average text-to-speech function. The AI can generate speech that mimics human emotions, delivering a more natural, relatable sound.
It supports multiple speakers, so whether you need one voice for your project or several, it can adapt.
You can adjust the pacing, tone, and emotional delivery to suit the project’s needs, from professional presentations to casual narrations.
How can this help you?
Let’s say you’re creating a podcast, a video for your brand, or even a voiceover for an instructional video. Instead of recording yourself or hiring a voice actor, Native Speech Generation allows you to quickly generate high-quality speech that sounds professional. It’s a perfect solution for busy content creators, marketers, or anyone who needs to add voiceovers to their projects but doesn’t have the time to record every line themselves.
What You Can Try Today
Turn your written content (like an article, script, or blog post) into lifelike audio to see how Native Speech Generation works.
Step-by-Step Guide:
Sign in to Google AI Studio and select Native Speech Generation.
Copy and paste a piece of text you’ve written (this could be a script, article, or any content that could be turned into audio).
Select the voice options:
Choose whether you want a single voice or multiple speakers.
Adjust the emotion, tone, and pacing to match the mood of your content (e.g., upbeat for an ad or calm for a meditation).
Generate the audio and listen to how the text sounds when spoken aloud.
Use the audio in your project: Whether it’s for a podcast, YouTube video, or audiobook, download and implement it.
Live Audio-to-Audio Dialog: Real-Time, Seamless Conversations
Live Audio-to-Audio Dialog allows you to engage in real-time, interactive conversations with AI models. This feature lets you have a fluid back-and-forth with AI, making it a perfect fit for customer service, virtual assistance, or any real-time interactive experience.
What’s cool about it?
Real-time communication with AI means you can ask questions and get responses immediately, making it ideal for any kind of live interaction, whether in business or personal projects.
The AI can pick up on nuances in conversation, such as interruptions or changes in tone, making interactions feel more human-like and less mechanical.
This feature also supports multimodal input, so you can mix voice and video to create richer interactions.
How can this help you?
Imagine using this for customer support on your website, creating a more interactive FAQ experience, or building a virtual assistant for your business. In your personal life, it could even be a way to help manage your schedule, get quick answers to questions, or simply have a more dynamic, natural way of interacting with technology.
What You Can Try Today
Test out Live Audio-to-Audio Dialog for a dynamic, real-time interaction with AI, simulating a conversation or even an interview.
Step-by-Step Guide:
Sign in to Google AI Studio and open Live Audio-to-Audio Dialog.
Start a conversation: Type in a question or command, such as: “What are the key benefits of remote work?”
Activate the AI’s audio response: Listen as the AI gives a thoughtful, real-time answer.
Interact: Ask follow-up questions or dive deeper into the topic to explore more insights. You can simulate a Q&A session or a customer support scenario.
Multimodal input: Try interacting using both voice and text commands to see how the AI responds to both types of input.
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Final Thoughts
While there are obvious dangers to AI having to edit your photos and giving out speeches, it would be nice to think more about the potential of what it can do for us.
Maybe it can cut back some of that time so you can focus more on what you want. Be it your hobbies, family, extra income… the point is, all of these new tools are exciting since they open up new ways for us not just to enjoy cool tech but also free up moments for what matters most.
What do you think? Are you willing to give these a try? Let us know down in the comments!
If you want to learn more about AI and other cool AI tools, make sure to subscribe to our newsletter! We also have a free AI resource page where we share the latest tips, tricks, and news to help you make the most of technology.
To go deeper, check out PIMDCON 2025 — The Physician Real Estate & Entrepreneurship Conference. You’ll gain real-world strategies from doctors who are successfully integrating AI and business for massive results.
See you again next time! As always, make it happen.
Disclaimer: The information provided here is based on available public data and may not be entirely accurate or up-to-date. It’s recommended to contact the respective companies/individuals for detailed information on features, pricing, and availability. This article is for educational and informational purposes only. It is not intended to provide legal, financial, or clinical advice. Always comply with HIPAA and institutional policies. For any decisions that impact patient care or finances, consult a qualified professional.
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Peter Kim, MD is the founder of Passive Income MD, the creator of Passive Real Estate Academy, and offers weekly education through his Monday podcast, the Passive Income MD Podcast. Join our community at the Passive Income Doc Facebook Group.
Republican-led House committee has proposed cutting the Department of Education’s budget by 15%, lowering funding from $79 billion to $67 billion for fiscal year 2026 (which starts October 1).
The plan preserves Pell Grant funding but eliminates or sharply reduces several programs, including Federal Work-Study, the Supplemental Educational Opportunity Grant, and the Office for Civil Rights.
Congress needs to pass a budget by October first to avoid a potential government shutdown.
House Republicans are advancing a proposal to reduce the Department of Education’s budget by $12 billion, a 15% drop compared with the prior year. The plan reflects President Trump’s goal of shrinking the Department while preserving some of his other priorities, such as workforce training grants.
The proposal, released by the House Appropriations Committee (PDF File), would allocate $67 billion to the agency. You can view a summary of the bill text here (PDF File).
Just like the recently passed One Big Beautiful Bill Act (OBBBA), House Republicans will keep the maximum Pell Grant at $7,395. However, other key financial aid programs are on the chopping block, including cuts to Federal Work Study, and eliminating the Federal Supplemental Educational Opportunity Grant (FSEOG).
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Financial Aid Programs Targeted For Cuts
Even with the Pell Grant program preserved, the proposal would slash or eliminate other programs.
The Federal Supplemental Educational Opportunity Grant, which provided $910 million in need-based aid last year, would be eliminated entirely. Federal Work-Study would be reduced to $779 million, $451 million below current levels, limiting the availability of part-time jobs for students.
The plan also cuts funding for the Office for Civil Rights, which enforces anti-discrimination policies on campuses, reducing its budget by $49 million. Teacher training grants, campus childcare programs, and support for foreign language instruction would also be zeroed out.
Programs That Would Be Expanded
Not every initiative faces a cut. Funding would be maintained for TRIO and GEAR UP, two longstanding college access programs that help first-generation and low-income students. These programs had been targeted for elimination under the administration’s earlier plan but remain in the House version after bipartisan pushback.
The budget also includes modest increases for charter schools, career and technical education state grants, and special education services, as well as dedicated support for schools serving students with disabilities such as Gallaudet University and the American Printing House for the Blind.
A symbolic change is also included: renaming Workforce Pell Grants as “Trump Grants” to highlight the administration’s focus on workforce preparation. The renamed grants would support training programs as short as eight weeks.
What Happens Next
It’s important to remember that this is just the first proposal. While a budget needs to be passed by October 1 to avoid a government shutdown, this bill still needs to go the full House and Senate. Like we recently saw with the OBBBA, there could be multiple changes before it passes.
The Senate Appropriations Committee has already mentioned keeping the Department of Education’s budget close to current levels at $79 billion. Its plan preserves funding for Federal Work-Study, the Supplemental Educational Opportunity Grant, the Office for Civil Rights, and teacher training initiatives.
The split sets up a contentious negotiation between the chambers.
Lawmakers face an October 1 deadline to either pass a budget or adopt a stopgap measure to avoid a government shutdown.
The Depository Trust & Clearing Corporation (DTCC), a key part of global financial market infrastructure, has recently announced significant developments that underscore its commitment to tech advancements, security, and client-focused leadership.
These updates include the submission of a rule filing by its Fixed Income Clearing Corporation (FICC) subsidiary to the U.S. Securities and Exchange Commission (SEC) for a new “Collateral-in-Lieu” service, alongside the appointments (earlier this year) of Laura Deaner as Chief Information Security Officer (CISO) and Talia Klein as Head of Wealth Management Services.
Together, these moves signal DTCC’s proactive approach to addressing industry challenges and enhancing operational resilience.
On September 3, 2025, FICC submitted a rule filing to the SEC to introduce a new “Collateral-in-Lieu” service as part of its Sponsored General Collateral (GC) Offering.
This innovative enhancement aims to address critical industry concerns surrounding margin and capital efficiency, particularly in light of the U.S. Treasury clearing mandate.
The proposed service leverages a central counterparty (CCP) lien in place of traditional sponsor guaranties and margin postings, tackling the “double-margining” challenge that has long plagued tri-party repo transactions.
By utilizing the haircut typically posted by dealers to money market funds and other cash investors, the service streamlines collateral management while maintaining robust risk controls.
Laura Klimpel, Managing Director and Head of DTCC’s Fixed Income and Financing Solutions, emphasized the significance of this initiative:
“The Sponsored Service has been a … popular buy-side clearing solution, with over $2 trillion in volume flowing through the service on a typical day. The proposed Collateral-in-Lieu service… [takes] margin and capital efficiencies to the next level.”
The service will leverage BNY’s tri-party infrastructure to support both “done-away” and “done-with” trade execution styles, enabling sponsors and clients to utilize existing legal agreements and operational processes.
The filing is expected to be released in the Federal Register soon, opening a public comment period, with an anticipated launch in December 2025.
In June of this year, DTCC announced the appointment of Laura Deaner as its new CISO, reporting to Chief Information Officer Lynn Bishop.
With considerable experience in information security management, Deaner brings a wealth of expertise from her previous roles as CISO at Northwestern Mutual, S&P Global, as well as key positions at Morgan Stanley, JP Morgan Chase, and Citigroup.
Her mandate at DTCC includes overseeing enterprise-wide cyber strategies, enhancing cybersecurity programs, and embedding resilience into strategic initiatives such as AI-driven innovation and cloud adoption.
Deaner’s appointment comes at a critical time as financial institutions face increasingly sophisticated cyber threats.
Her experience and collaborative approach could be key in protecting DTCC’s infrastructure and maintaining trust in global markets.
Earlier this year, DTCC appointed Talia Klein as Head of Wealth Management Services, a role designed to strengthen the firm’s offerings for wealth management clients.
Klein, who previously served as Managing Director and Head of Integrated Technology and Operations at Pershing, a BNY Mellon company, brings expertise in client service, technology, and operations.
Her appointment reflects DTCC’s focus on delivering solutions to meet the evolving needs of wealth management firms.
In her new role, Klein will oversee the development and execution of DTCC’s wealth management strategy, driving operational efficiency and product development.
Klein’s leadership is expected to enhance client experiences and support the firm’s mission to promote stability and efficiency in financial markets.
These developments—FICC’s “Collateral-in-Lieu” service, Deaner’s cybersecurity leadership, Klein’s wealth management expertise—demonstrate DTCC’s approach to strengthening the financial ecosystem.
By addressing regulatory challenges, fortifying cybersecurity, and enhancing client services, DTCC continues to solidify its role as a partner in the financial industry.
As these initiatives progress, they are expected to deliver significant value to market participants, potentially ensuring efficiency, security, and resilience in an increasingly complex environment.
