08/05/2026
📌 “No Tax on Tips” and “No Tax on Overtime”: what do they really mean?
The One Big Beautiful Bill Act created federal deductions for qualified tips and qualified overtime pay for tax years 2025–2028.
✅ Qualified tips: deduction up to $25,000.
✅ Qualified overtime: deduction up to $12,500, or $25,000 for married couples filing jointly, generally limited to the qualifying overtime premium.
Starting in tax year 2026, these amounts will be reported separately on certain tax forms.
⚠️ These are deductions, not tax credits. They reduce taxable income but do not provide the deducted amount as a direct refund. Tips and overtime may still be subject to Social Security, Medicare and other applicable taxes.
Keep accurate records and consult your tax professional.
JY León Accounting and Tax Solution LLC 🇺🇸
Accounting · Taxes · Business Advisory
📌 “No Tax on Tips” y “No Tax on Overtime”: ¿qué significan realmente?
La One Big Beautiful Bill Act creó deducciones federales por propinas y horas extras calificadas para los años tributarios 2025–2028.
✅ Propinas calificadas: deducción de hasta $25,000.
✅ Horas extras calificadas: deducción de hasta $12,500, o $25,000 para casados que declaran juntos, generalmente limitada a la prima adicional de overtime que califica.
A partir del año tributario 2026, estos montos se informarán por separado en determinados formularios tributarios.
⚠️ Son deducciones, no créditos. Reducen el ingreso gravable, pero no entregan el monto deducido como reembolso directo. Las propinas y horas extras todavía pueden estar sujetas a Social Security, Medicare y otros impuestos.
Conserva buenos registros y consulta con tu profesional de impuestos.
JY León Accounting and Tax Solution LLC 🇺🇸
Contabilidad · Impuestos · Asesoría Empresarial
