The One Big Beautiful Bill Act created 6 new or enhanced deductions for 2025. Answer a few questions and we'll show you exactly which ones apply to you — and how much you could save.
Step 1 of 3
Step 1: Filing & Income
We need your basics to check eligibility and calculate phaseouts.
Are you (or your spouse) age 65 or older?
Is your spouse also 65 or older?
Step 2: Your Work & Situation
Check all that apply to you for 2025
Do you earn tips in a job where tipping is customary? ?Restaurants, bars, hotels, salons, rideshare, delivery, etc. The IRS will publish a list of qualifying occupations.
Cash tips, charged tips, and tip-sharing amounts reported on your W-2 or 1099.
Do you earn FLSA-covered overtime pay? ?Overtime required under the Fair Labor Standards Act. This covers the premium portion (the "half" of time-and-a-half). Does not include state-law overtime, bonus pay, or exempt/salaried employee extra hours.
Only the premium portion — the extra pay above your regular hourly rate. E.g., if your rate is $20/hr and OT is $30/hr, only the $10/hr premium counts.
Does your spouse also earn FLSA overtime?
Did you take out a loan in 2025 for a new vehicle? ?Must be a NEW vehicle (not used), purchased with a loan (not lease) originated after 12/31/2024, with final assembly in the United States.
Was the vehicle assembled in the United States?
Check the VIN — the 11th character indicates the assembly country. US = 1-5. Or check NHTSA.gov.
Step 3: State & Local Taxes
The SALT cap quadrupled from $10,000 to $40,000
If you itemize, the new SALT cap may significantly increase your deduction.
Combined state/local income (or sales) tax + property tax + personal property tax.
TaxDecoded
This assessment is for educational and informational purposes only. It does not constitute tax advice. Consult a qualified tax professional for guidance specific to your situation.
Built by TaxDecoded
This tool is for educational and informational purposes only and does not constitute tax advice. Tax laws are complex and individual circumstances vary. Consult a qualified tax professional for advice specific to your situation.