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The ‘Big Beautiful Bill’ will change tax laws on tips and overtime when filing for 2025
BEAVER, WV (WVNS) Some good news for workers in the service industry, according to President Donald Trump’s Big Beautiful ...
A slew of new tax provisions went into effect in 2025, which could significantly change how much you'll get back.
The IRS is rolling out new deductions for tip and overtime income. Here's how they work and who qualifies.
On July 4, President Donald Trump signed the "One Big Beautiful Bill Act" into law. The bill includes several tax-related initiatives, one of which is the elimination of tax on tips. The legislation ...
BRANSON, Mo. (KY3) - Part of President Trump’s Big, Beautiful Bill changes the taxes for people who receive tips as part of their income, but it may not impact every worker the same way. Under the new ...
There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...
The current version of President Donald Trump’s One Big Beautiful Bill Act delivers on one of his core campaign promises – exempting tips and overtime pay from federal taxation. But he could score a ...
On July 4, 2025, President Trump signed the “One Big Beautiful Bill” (OBBB) into law, which contains two key provisions that are likely to be very popular with employees. Those provisions provide ...
The new IRS guidance (Notice 2025-69) clarifies how workers can claim the One Big Beautiful Bill Act's recently enacted federal tax deductions for qualified tips and overtime pay without receiving a ...
4. Expanded charitable deduction: Starting in 2026, even taxpayers who don’t itemize can deduct up to $1,000 ($2,000 for ...
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