Test Question: One Big Beautiful Bill Act

I am looking for information about my Tip income. I am am a waiter and have been working since Oct 2024. I get about $500 a month in Tips. How much will be taxed>

8:59 AM MT 8/26/2025

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CoryF

Hello OutFishing 13 and welcome to the community

With the new OBBBA bill in place there should be a deduction of the $6,000 in yearly tips that would add to your standard deduction that would effectively remove the income from your total to be taxed.

by CoryF

9:17 MDT 8/26/2025

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