IntermediateSlide lesson15 min
No Tax on Tips & Overtime deductions
Above-the-line deductions for qualified tips (≤$25K) and qualified overtime premium pay (≤$12.5K/$25K MFJ), 2025–2028.
Last reviewed: July 2026 · Tax year 2026 (post-OBBBA)
Above-the-line deductions for qualified tips (≤$25K) and qualified overtime premium pay (≤$12.5K/$25K MFJ), 2025–2028.
Last reviewed: July 2026 · Tax year 2026 (post-OBBBA)