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New Tax Breaks for Tips, Overtime, and Car Loans Aren’t Quite What They Seem The OBBBA offers an “above-the-line” deduction for qualified tips, capped at $25,000 for singles ($50,000 for married couples). This is temporary for tax years 2025-28. Some 'no tax on tips' occupations might surprise you: Podcasters, social media influencers, plumbers and house painters. The new, special tax break on tips is retroactive and applies to eligible tip ... The Hill: No Tax on Tips Act: What to know about the bill and what comes next Morningstar: New Tax Breaks for Tips, Overtime, and Car Loans Aren’t Quite What They Seem
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