OBBB
OBBB Tip Income Deduction
OBBB Act
Tipped W-2 employees can deduct tip income. Phases out at $75K/$150K.
Eligibility
W-2 tipped employees; phase-out $150K/$300K
Frequently Asked Questions
Who is eligible for the OBBB Tip Income Deduction?
W-2 tipped employees; phase-out $150K/$300K
How does the OBBB Tip Income Deduction work?
Tipped W-2 employees can deduct tip income. Phases out at $75K/$150K.
What law authorizes the OBBB Tip Income Deduction?
The OBBB Tip Income Deduction is authorized under OBBB Act.
Parameters
amount int
W-2 tip income to deduct