Jul 10, 2025 · President Trump signed the “One Big Beautiful Bill” into law on July 4, 2025, which includes provisions for no taxes on tips and overtime effective through December 31, 2028.

Jul 9, 2025 · President Trump signed the “One Big Beautiful Bill” into law on July 4, 2025, which includes provisions for no taxes on tips and overtime effective through December 31, 2028.

Dec 23, 2025 · The new No Tax on Tips Act is a tax deduction of up to $25,000 a year on tips for certain workers until 2028. Find out if you’re eligible and how to claim it.

5 days ago · Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime under Trump’s One Big Beautiful Bill Act.

Jun 2, 2025 · However, while the “No tax on tips” rule is effective beginning Jan. 1, 2025, the benefit is claimed on a taxpayer’s individual income tax return, and retroactive systems …

Nov 12, 2025 · Yes, the law places a cap on how much of an employee’s tips and qualified overtime pay can be used toward the deduction. From 2025 to 2028, individuals who receive …

Jul 4, 2025 · Intended for tipped workers earning substantial overtime or tips but below income thresholds, these deductions can reduce taxable income significantly. Eligible workers may …

Dec 30, 2025 · Employers must continue to withhold and remit federal income tax on reported tips and qualified overtime pay. Neither deduction affects Social Security and Medicare tax liabilities.

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible workers can claim up to $25,000 for tips and $12,500 for overtime.

Sep 2, 2025 · Well, the No Tax on Tips Act was a bipartisan bill sponsored by Republican Sen. Ted Cruz of Texas. It passed the Senate by unanimous consent on May 20. The measure, …