What to know – and what isn't known yet – about tax deductions for tips and overtime pay Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when ...

What to know — and what isn’t known yet — about US tax deductions for tips and overtime pay The deduction provisions are set to expire after the 2028 tax year.

Business What to know — and what isn’t known yet — about US tax deductions for tips and overtime pay The deduction provisions are set to expire after the 2028 tax year.

Here’s what we know about tax-free tips and overtime: Who is expected to qualify for tax-free tips? The bill says eligible workers are those who already regularly received tips before December 2024.

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year. But which workers will qualify for the new deductions ...