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President Trump signed the "One Big Beautiful Bill Act" into law, enacting a comprehensive tax bill that affects tipped ...
People who earn tips or work overtime may see some tax breaks under President Donald Trump's "Big Beautiful Bill." What to ...
In Massachusetts, legislation is in the works to end the taxes on overtime and tip, with language that is slightly different ...
Trump’s new megabill creates temporary deductions for federally taxable tips and qualified overtime pay, but there are some ...
The fine print in President Trump's recently signed "big, beautiful bill" could restrict savings for some tipped workers. Why ...
The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.
But that has now changed for many workers, following President Trump's signing of the so-called "One Big Beautiful Bill" (OBBB) on July 4, 2025.
The current version of this proposal—the one included in what's been dubbed the "Big, Beautiful Bill"—doesn't actually remove all taxes on tips.
President Trump Says No More Taxes on These 3 Things in His One, Big, Beautiful Bill By Kailey Hagen – Jun 16, 2025 at 8:10AM ...
U.S. lawmakers appear primed for a tax-bill showdown with the Senate’s proposed version of the “big, beautiful” act challenging the House version of the bill on several key tax measures.
The Senate has proposed numerous changes to the "One, Big, Beautiful Bill" that the House narrowly passed. The Senate's version caps the deductions for tips and overtime pay, and puts income ...
2. Overtime pay The One, Big, Beautiful Bill also creates a tax deduction for overtime pay that's in excess of the regular rate the employee receives for their job.