Beginning with 2025 #tax filings, eligible workers will be able to deduct up to $25,000 in tips from their taxable income under the No Tax on Tips provision of the One Big, Beautiful Bill Act (#OBBBA). To help taxpayers sort out the details, the #Treasury Department and the #IRS have rolled out additional guidance in the form of Proposed Regulations related to the deductions for tipped workers. While informal guidance, including a look at the infamous “traditionally tipped occupations list,” has been made available previously, the proposed regulations offer more formal guidance. Tap the link in our bio to read more.