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One Big Beautiful Bill Act Internal Revenue Service Tip Credit

Vedder Price

Treasury Department Issues List of Jobs Qualifying for New Tip Income Deduction Under “One Big Beautiful Bill” Act

Vedder Price on

As we discussed here, on July 4, 2025, President Donald Trump signed the “One Big Beautiful Bill” Act (OBBBA) into law, which included a provision establishing a new temporary above-the-line tax deduction for “qualified tip...more

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