The No Tax on Tips Act aims to change how income tax applies to tips received by workers in certain jobs. Its main goal is to allow individuals to deduct the tips they earn from their taxable income, effectively reducing the amount of income tax they owe. One of the key provisions of this act is the introduction of a deduction for "qualified tips." This means that workers who receive tips in their jobs can deduct up to $25,000 of those tips from their taxable income each year.