Trump’s $25,000 ‘no tax on tips’ may cover 68 jobs: Here’s how it works and who qualifies

The US Treasury has released a preliminary list of 68 jobs that may qualify for President Trump’s $25,000 “no tax on tips” deduction, available from 2025 to 2028. Eligible workers can deduct qualified tip income, reducing taxable earnings. The deduction phases out above $150,000 income. The official list will be published for public comment, with eligibility applying to occupations where tipping is customary as of December 31, 2024.