OBBBA adds a temporary, targeted deduction for tips. It is not a universal no tax on tips. Many tipped amounts are still taxable, and payroll taxes still apply.

Here is the clean, CFO-level breakdown:

Who can claim the deduction

For tax years 2025 through 2028, the tips deduction is available to:

The IRS is publishing a qualifying occupations list. Examples likely to qualify include:

Not eligible: Workers in SSTBs for QBI purposes and employees of SSTB employers, including health, law, accounting, performing arts, athletics, consulting, financial advisory, investment and wealth management, actuarial, and trading services. In short, professionals cannot convert fees to tips to claim an extra deduction.