Child Tax Credit State and Local Tax Deduction Federal Tax Deductions Tipped Income Work-related Expenses Individual Taxpayers Social Security Business Expense Deductions Health Insurance Claims Fraudulent Claims Pauschbeträge Qualified Tips Employer Obligations Car Loans Qualified Overtime and Tips
New guidance lets taxpayers claim 2025 tips and overtime deductions despite unchanged W-2 and 1099 forms, with mandatory employer reporting to follow in 2026.