New Tax Deduction for Tip Income: Who Qualifies and How Much You Can Deduct
Service workers may qualify for a new tax deduction on tip income. Learn who qualifies, what counts as tips, eligible professions, and how to maximize your deduction under current IRS rules.
New Overtime and Tip Deductions Available, Not for California Workers
Federal law allows new deductions for overtime and tip income starting in 2025, but California does not conform. Learn why California workers must add these amounts back on their state return.