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Fortune
Fortune
Alicia Adamczyk

No tax on tips and overtime explained: What workers can expect

(Credit: Grace Cary)

President Donald Trump’s campaign promises to end taxes on tips and overtime pay have seemingly come to fruition in the GOP’s “One Big Beautiful Bill” that became law Friday. But tax experts say there are a few nuances of the law workers should know ahead of next tax season.

Both provisions have the potential to be worth thousands of dollars, depending on the individual taxpayer’s situation and how much they earn. That fact is music to the ears of workers who are struggling to pay higher prices for just about everything.

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