Illustration of IRS No Tax on Tips final regulations under the One Big Beautiful Bill — Treasury Tipped Occupation Code list and qualified tips definition
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No Tax on Tips Final Regulations: 70+ Occupations, Qualified Tips Guide

BySW Accounting admin

Who qualifies for the No Tax on Tips deduction under the final regulations? The Treasury and IRS issued final regulations on April 10, 2026 (IR-2026-49) implementing the “No Tax on Tips” deduction under the One, Big, Beautiful Bill Act (OBBBA). Workers in 70+ occupations on the Treasury Tipped Occupation Code (TTOC) list can deduct qualified…

A vibrant and positive image showing a diverse group of smiling tipped workers (a restaurant server, a hairstylist, a delivery driver) with illustrated dollar signs and coins floating around them, against a clean, bright background.

“Don’t pay tax on your tips” – How to Claim the New $25,000 IRS Tax Break

BySW Accounting admin

  Can I get a tax deduction for my tip income? You might be in luck! The IRS has proposed new rules for a “Qualified Tips” deduction that could put thousands of dollars back in your pocket. Let’s break down exactly what this means for you. Have you ever finished a long shift, looked at…