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

The 'No Tax on Tips' provision, which also applies to overtime pay, is part of President Trump's One Big Beautiful Bill Act.

Though the law went into place immediately, the boost in take-home pay won't come until you file for 2025 early next year. This deduction could lower your tax bill or increase your refund.