For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in the $50,000 to $100,000 range, shielding $12,500 in overtime or $25,000 in tips could move them into a lower tax bracket.

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year

President Donald Trump's "big, beautiful bill" — now law — increased the cap on the State and Local Taxes deduction, a positive for some taxpayers. What does the SALT deduction mean to you?