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Journal of Accountancy · Recently

IRS clarifies how employees can claim 2025 tip and overtime deductions

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 IRS clarifies how employees can claim 2025 tip and overtime deductions. Worth reviewing for potential client impact.

Summary

The IRS also is updating some income tax forms and instructions to help taxpayers claim the deductions.

Classification

Category: fyiPriority: importantReason: Contains 'irs clarifies' - significant update

Applies To

1040

Affected Groups

Individual return preparers

Related Topics

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

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