After narrowly squeaking through the House on Thursday, the "big, beautiful bill" now heads to the president's desk for his signature. As part of the legislation, workers who rely on tips for a large share of their income, such as waiters, bartenders and hairdressers, will see relief from federal income tax on those tips.

President Donald Trump's tax bill, signed into law July 4, reduces how much in losses a gambler can deduct. Here's how the changes will work.