(TNND) -- If you are one of the millions of Americans who work on tips, there could be good news coming soon.

In a unanimous vote the Senate passed the No Tax on Tips Act late Tuesday. This moves the idea of eliminating federal income tax for cash tips one step closer to reality.

Here is what it means to you, the proposal would amend the Internal Revenue Code to exempt cash tips from federal income taxes. This would include any tips given in cash, credit and debit cards, and checks.

Employees would be allowed to claim a 100 percent deduction when they file their taxes for up to $25,000 per tax year.

However, in the legislation the Treasury Secretary must publish a list of eligible occupations 90 days after the bill is passed.

The bill was first introduced in January by Republican Senator Ted Cruz, of Texas, and a bipartisan group of co-sponsors including Nevada's two Democratic senators, Jacky Rosen and Catherine Cortez Masto.

The No Tax on Tips Act still needs approval from the House. If it passes there, it heads to President Trump to be signed into law.