Tipped Workers: Deduct Up to $25,000 Without Itemizing!
Автор: Leader CPA
Загружено: 2025-08-25
Просмотров: 154
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🚨 Attention Tipped Workers: Big Tax Deduction Opportunity Ahead!
The new One Big Beautiful Bill Act, signed on July 4, 2025, introduces a valuable change: starting in 2025 through 2028, workers in tipped occupations can claim a federal tax deduction of up to $25,000 on qualifying tip income—without needing to itemize deductions.
✅ Whether you're a W-2 employee or a 1099 contractor, and no matter if tips are received in cash or by card—as long as they're reported properly on Form W‑2, 1099, or 4137, you may qualify.
💡 The deduction phases out for incomes above $150,000 (single) or $300,000 (married filing jointly).
Despite the deduction reducing taxable income, Social Security and Medicare taxes still apply to tip earnings.
For example, reporting $20,000 in tips could mean deducting that entire amount — a powerful opportunity to increase your take-home pay.
📲 Want to ensure you’re claiming this benefit correctly and staying IRS compliant?
Schedule a consultation with Leader CPA and work with strategic guidance tailored to your income.
#LeaderCPA #NoTaxOnTips #OBBBA #TipDeduction #TaxStrategy #WorkingIncome
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