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July 14, 2025

What to know — and what isn't known yet — about tax deductions for tips and overtime pay

  • Treasury must publish a list by Oct. 2 of occupations that qualify for tax-free tips.
    • By DEE-ANN DURBIN
    AP Business Writer

    Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year.

    But which workers will qualify for the new deductions is among the details the government has to work out after President Donald Trump's signature spending and policy package won final congressional approval.


     
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