Hieu Nguyen CPA EA & SAP Professional Services in Chicago & Suburbs

Payroll

Accurate

Consistent

Organized

#	Effective Years	Items	Summary	Notes
1	Effective for 2025 through 2028	Qualified Tip Deduction	Maximum annual deduction is $ 25,000.00. Employees and self-employed individuals may deduct qualified tips received in the occupations listed by the IRS. Other considerations may apply.
2	Effective for 2025 through 2028	Qualified Overtime Compensation Deduction	Maximum annual deduction is $12,500 ($25,000 for joint filers). Other considerations may apply.

Sources: The IRS.