factually
Index/Topics/Tax Deductions for Tips and Overtime

Tax Deductions for Tips and Overtime

The One Big Beautiful Bill (H.R. 1) enacted temporary tax provisions for qualified tips and overtime pay for tax years 2025-2028, allowing eligible taxpayers to deduct up to $25,000 of qualified tip income for 2025.

Fact-Checks

1 result
Jan 18, 2026
Most Viewed

Will everyone be eligible for no tax on overtime filing taxes this year?

No — the "no tax on overtime" provision is not universal; it applies only to qualifying overtime compensation for workers who meet FLSA non‑exempt status and income limits, is capped and temporary, an...