factually
Index/Topics/The One, Big, Beautiful Bill Act

The One, Big, Beautiful Bill Act

The One, Big, Beautiful Bill Act (OBBBA) created above‑the‑line deductions for qualified tips (up to limits) and qualified overtime for tax years 2025–2028.

Fact-Checks

1 result
Jan 24, 2026
Most Viewed

How should independent contractors document and claim qualified overtime or tip deductions for 2025 under IRS guidance?

The ’s Notice 2025-69 lays out transition-year rules allowing taxpayers—including independent contractors—to substantiate and claim the new qualified tips and qualified overtime deductions for tax yea...