The Tipped Income Protection and Support Act would eliminate the federal tipped minimum wage, requiring all tipped employees to earn the same minimum wage as other workers while allowing them to keep all tips they receive. Currently, employers can pay tipped workers as little as $2.13 per hour if tips make up the difference, but this bill would end that practice. The legislation also creates a new tax deduction for workers in traditionally tipped occupations such as food service, hospitality, cosmetology, and parking attendants, allowing eligible workers to deduct qualified tips from their taxable income, though this deduction phases out for individuals earning over $112,500 annually. The tax deduction would apply to taxable years beginning after December 31, 2024. The bill affects millions of tipped workers nationwide and would be implemented through the Department of Labor and the Internal Revenue Service.