No Tax on Overtime: OBBBA Overtime and Tips Tax Deduction Guide 2025-2028
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No Tax on Overtime: OBBBA Overtime and Tips Tax Deduction Guide 2025-2028

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Can I deduct overtime pay from my federal taxes under the new law? Yes — the One, Big, Beautiful Bill Act (OBBBA) created an overtime tax deduction worth up to $12,500 for individuals ($25,000 joint filers) for qualifying FLSA overtime earned from 2025 through 2028. A separate tips deduction of up to $25,000 is also…

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2025 Tax Deduction Tips: How to Deduct Qualified Tips and Overtime

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  How to Deduct Tips and Overtime on Your 2025 Taxes? New IRS guidance is here! Learn how to calculate your deduction without waiting for new tax forms. Let’s be real for a second—tax season usually brings more headaches than high fives. But for the 2025 tax year, there’s actually some exciting news for those…