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The One Big Beautiful Bill Act Creates Tax-Free Tips & Overtime

tysllpJanuary 26, 2025Business News, Tax Accounting, Tax Prep

The One Big Beautiful Bill Act offers tax prep relief! Deduct up to $25K in tips and $12.5K in overtime pay. Learn the best practices now. #TaxFreeTips

Boost Your Bottom Line: How does the One Big Beautiful Bill Act create Tax-Free Tips & Overtime for workers and impact tax prep? The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, provides a federal income tax deduction for a portion of qualified tipped income and qualified overtime pay for tax years 2025 through 2028. … Read More

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California 

800 S. Broadway, Suite 450,

Walnut Creek, CA 94596

Tel: 925.498.6200

New York

242 WillowBrook Office Park, 

Fairport, NY 14450

Tel: 585.678.9015

California 

800 S. Broadway, Suite 450,

Walnut Creek, CA 94596

Tel: 925.498.6200

New York

242 WillowBrook Office Park, 

Fairport, NY 14450

Tel: 585.678.9015

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“TYS” is the brand name under which TYS LLP and TYS Advisors LLC and its subsidiary entities provide professional services. TYS LLP and TYS Advisors LLC (and its subsidiary entities) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. TYS LLP is a licensed independent CPA Firm that provides attest services to its clients, and TYS Advisors LLC and its subsidiary entities provide tax and business consulting services to their clients. TYS Advisors LLC and its subsidiary entities are not licensed CPA Firms.

“TYS” is the brand name under which TYS LLP and TYS Advisors LLC and its subsidiary entities provide professional services. TYS LLP and TYS Advisors LLC (and its subsidiary entities) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. TYS LLP is a licensed independent CPA Firm that provides attest services to its clients, and TYS Advisors LLC and its subsidiary entities provide tax and business consulting services to their clients. TYS Advisors LLC and its subsidiary entities are not licensed CPA Firms.

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  • Home
  • TYS Founders
    • ← Back
    • Team
    • Core Values
    • TYS Privacy Policy
  • Careers
    • ← Back
    • Job Openings
    • TYS Internships
  • World Class Services
    • ← Back
    • Customers We Serve
    • TYS Emerge Process
    • The Operating Practices’ System
    • Changing People’s Lives
    • Improving Performance Delivering Results
  • Construction Accounting
  • TYS Blog
  • Resources
  • Contact Us