11/22/2025
The One Big Beautiful Bill Act has been signed into law this year. While there are many provisions in the law for individual tax payors many people are asking what it actually means for them.
Two big changes everyone is talking about:
The 2025 tip deduction
The 2025 overtime deduction
If you want help understanding how this affects YOUR 2025 return, I’ve got you. Send me a message anytime.
This Forbes article gives a clean breakdown of the IRS guidance
https://www.forbes.com/sites/kellyphillipserb/2025/11/21/irs-explains-how-you-can-claim-your-2025-tips-and-overtime-deductions/
The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.
