No Tax on Overtime: How the New Deduction Really Works
Only the extra "half" of time-and-a-half is deductible, up to $12,500 a year ($25,000 joint), for 2025 through 2028. A clear walkthrough with a worked example.
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One Big Beautiful Bill Act
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No Tax on Tips: What the New Deduction Means for Tipped Workers
Under the One Big Beautiful Bill Act, many tipped workers can deduct up to $25,000 of tips from federal taxable income for 2025 through 2028. Here is who qualifies, what it does and doesn't cover, and a worked example.